The production function
Describes:
A)how particular amounts of capital and labor can be combined to generate output.
B)how any amount of capital and labor can be combined to generate output.
C)how any amount of capital and a particular amount of labor can be combined to generate output.
D)how any amount of labor and a particular amount of capital can be combined to generate output.
E)what output would be in a "perfect" economy.

Question

The production function 
Describes:
A)how particular amounts of capital and labor can be combined to generate output. 
B)how any amount of capital and labor can be combined to generate output. 
C)how any amount of capital and a particular amount of labor can be combined to generate output. 
D)how any amount of labor and a particular amount of capital can be combined to generate output. 
E)what output would be in a "perfect" economy.

Quizplus · Accepted Answer

The Answer of The production function 
Describes:
A)how particular amounts of capital and labor can be combined to generate output. 
B)how any amount of capital and labor can be combined to generate output. 
C)how any amount of capital and a particular amount of labor can be combined to generate output. 
D)how any amount of labor and a particular amount of capital can be combined to generate output. 
E)what output would be in a "perfect" economy.

The Production Function