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The Aggregate Production Function Is an Equation That Shows the Relationship

Question 14

Multiple Choice

The aggregate production function is an equation that shows the relationship between ________ and ________.


A) the inputs employed by firms; the maximum output firms can produce with those inputs
B) the inputs employed by an individual firm in an economy; the average of the inputs employed by all firms in an economy
C) the output produced by an individual firm in an economy; the average of the output produced by all firms in an economy
D) the average level of capital used in production in an economy; the average level of labour used in production in an economy

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