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What is the correct answer?

4

The production function can convey to a firm:

A. The cost of producing any given output

B. The various combinations of input that could be employed in production of any given quantity of output

C. The various combinations of input that should be used in producing any given quantity of output in an efficient manner

D. The maximum profit level of output

Correct Answer :

B. The various combinations of input that could be employed in production of any given quantity of output


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