A production function is a relationship between inputs and:

Question

Quizplus · Accepted Answer

A production function shows the relationship between input factors (such as labor, capital, and materials) and the resulting output quantity, so the best choice is D, which is the quantity of output. Revenue and costs are outcomes of the production process and can be related to output through pricing and efficiency, but they are not the direct result of the input-output relationship. Profit depends on both output and costs, so it is also not the best choice.

A Production Function Is a Relationship Between Inputs And