For a firm,what is the relationship between the quantity of input and quantity of output called
A)profit function
B)production function
C)total-cost function
D)quantity function

Question

Quizplus · Accepted Answer

The relationship between the quantity of inputs used in production and the resulting quantity of output is called the production function. It shows how much output can be produced with a given set of inputs. The other options (profit function, total-cost function, quantity function) refer to different aspects of the firm's operations but do not describe the relationship between inputs and outputs.

For a Firm,what Is the Relationship Between the Quantity of Input