Which of the following terms refers to the relationship between the quantity of output created and the quantity of inputs needed to create it?
A)the capital accumulation function
B)technological knowledge
C)the production function
D)human capital

Question

Quizplus · Accepted Answer

The production function describes the relationship between inputs (such as labor and capital) and the quantity of output that can be produced. It is a mathematical representation of the production process. The other choices are related to factors that can influence the production function, but they are not the same as the production function itself.

Which of the Following Terms Refers to the Relationship Between