Multiple Choice
The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's
A) total factor productivity.
B) marginal production level.
C) technological ratio.
D) production function.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: In the aggregate production function,Y represents real
Q2: Explain why the differences in GDP per
Q3: Explain how a well-functioning financial system can
Q4: All else equal,if the demand for labour
Q6: Suppose that the production function for an
Q7: Suppose that the production function for the
Q8: Suppose that the production function for the
Q9: Suppose that the production function is Y
Q10: Explain how firms choose the amount of
Q11: Suppose y = Ak¹/⁴,the capital-labour ratio is