Identify the truthfulness of the following statements.
I. Because the production function identifies the maximum amount of output that can be produced from a given combination of inputs, only technically efficient input combinations are found on the production function.
II. The production function identifies the technically feasible combinations of inputs.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Question

Identify the truthfulness of the following statements. 
I. Because the production function identifies the maximum amount of output that can be produced from a given combination of inputs, only technically efficient input combinations are found on the production function.
II. The production function identifies the technically feasible combinations of inputs.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Quizplus · Accepted Answer

Statement I is true in that the production function does identify the maximum output that can be produced from a given combination of inputs, but it does not necessarily mean that only technically efficient input combinations are found on the production function. Statement II is false because the production function identifies the maximum output that can be produced from a given combination of inputs, regardless of whether it is technically feasible or not.

Identify the Truthfulness of the Following Statements