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A firm’s production function shows: Group of answer choices
A) the maximum level of output the firm can produce for any combination of inputs.
B) the least-cost combination of inputs that can be used to produce a given level of output.
C) the average cost associated with the production of various levels of output. the profit-maximizing level of output that can be produced with a given level of inputs.
D) the marginal cost of producing an extra unit of output by employing an extra unit of an input.

Respuesta :

Answer:

The correct answer is option A.

Explanation:

The production function of a firm shows the relation between physical output produced and physical inputs used in the production process. It shows the maximum amount that can be produced using the given combination of inputs, generally, labor, and capital.  

It shows the technological relationship between inputs and output.

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