The production function describes how ________ can be combined to generate output.
A) any amount of labor and a particular amount of capital
B) particular amounts of capital and labor
C) any amount of capital and labor
D) any amount of capital and a particular amount of labor
E) None of these answers is correct.

Question

The production function  describes how ________ can be combined to generate output.
A) any amount of labor and a particular amount of capital 
B) particular amounts of capital and labor 
C) any amount of capital and labor 
D) any amount of capital and a particular amount of labor 
E) None of these answers is correct.

Quizplus · Accepted Answer

The production function describes how particular amounts of capital (a) and labor (b) can be combined to generate output. It does not allow for any amount of capital and labor to be used, as the factors of production must be specific and predetermined.

The Production Function Describes How ________ Can Be Combined