The relationship between the quantity of inputs and the quantity of outputs is called:

Question

Quizplus · Accepted Answer

The relationship between the quantity of inputs and the quantity of outputs is known as a production function. This function shows how much output can be produced with a given set of inputs, and it is often used to make decisions about resource allocation, pricing, and production planning. Choices B, C, and D are not correct because they either don't describe this relationship or refer to a different type of function altogether.

The Relationship Between the Quantity of Inputs and the Quantity