Question
Production function is the relationship between
Answer: Option D
Answer: (d)
In economics, a production function relates the physical output of a production process to physical inputs or factors of production.
The primary purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors.
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Answer: (d)
In economics, a production function relates the physical output of a production process to physical inputs or factors of production.
The primary purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors.
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