A firm’s production function is the relationship between: A) the inpu

A firm’s production function is the relationship between:

A) the inputs employed by the firm and the resulting costs of production.
B) the factors of production and the resulting outputs of the production process.
C) the demand for a firm’s output and the quantity it is able to produce with available resources.
D) the firm’s production costs and the amount of revenue it receives from the sale of its output.

 

ANSWER

B

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