In equation form,the production function for a single firm can be expressed as:
A) q = f(human capital, physical capital).
B) q = f(price of output, price of inputs).
C) q = f(labor, price of inputs).
D) q = f(price of inputs, profit).
E) q = f(production cost, profit).

Question

Quizplus · Accepted Answer

The production function for a single firm typically relates the quantity of output (q) to the inputs used in production, such as human capital and physical capital.

In Equation Form,the Production Function for a Single Firm Can