A Production Function for Widgets Will _____

Multiple Choice

A production function for widgets will _____.

A) show the relationship between the inputs used in the production of widgets and the cost of acquiring these inputs
B) identify the least quantity of inputs that can be used to produce a given level of widgets
C) identify the maximum quantity of widgets that can be produced given the budget of the firm
D) identify the maximum quantity of widgets that can be produced by each specific combination of inputs