Chapter 54, Problem 1MCQ

To determine

Production function

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.