Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Chapter 54, Problem 1MCQ
To determine
Production function
Expert Solution & Answer
Explanation of Solution
A production function shows the relationship between inputs and output as production depends on input resources such as land, labor to deliver output which is the actual quantity of goods.
Therefore, the correct option is d.
Economics Concept Introduction
Introduction:
Input involves resources that are used to produce a particular good and output is the result or quantity of goods which are produce in a particular time period.
Chapter 54 Solutions
Krugman's Economics For The Ap® Course
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