The production function is a function that-09291
The production function is a function that:
This multiple choice question (MCQ) is related to the book/course vu eco403 Macroeconomics. It can also be found in vu eco403 Final Term - Quiz No.14.
The production function is a function that:
Relates factor prices to the amounts of inputs demanded
Relates marginal products of factors of production to factor prices
Relates factors of production to the amount of output produced
Always have constant returns to scale