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    Question

    The production function of a firm is a relationship

    between which two factors? 
    A Marginal product and output Correct Answer Incorrect Answer
    B Inputs used and output produced Correct Answer Incorrect Answer
    C Total product and average product Correct Answer Incorrect Answer
    D Output and profits Correct Answer Incorrect Answer

    Solution

    A production function shows the relationship between the quantity of inputs (such as labor and capital) used and the quantity of output produced, illustrating how efficiently inputs are transformed into outputs.

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