The relationship between the quantity of output created and the quantity of inputs needed to create it is called

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The production function describes the relationship between the inputs used (such as labor, capital, and raw materials) and the resulting output. It shows how much output can be produced from a given set of inputs. A production function can be represented mathematically as Q = f(K,L), where Q is the quantity of output, K is the quantity of capital, and L is the quantity of labor.

The Relationship Between the Quantity of Output Created and the Quantity