The production function illustrates the amount of total physical product that can be produced with a given set of
A) inputs.
B) outputs.
C) marginal product.
D) marginal input.

Question

Quizplus · Accepted Answer

The production function shows the relationship between inputs (e.g. labor, capital, raw materials) and the resulting total physical output. Therefore, the best choice is A - inputs.

The Production Function Illustrates the Amount of Total Physical Product