A Production Function Measures How

question 10

Multiple Choice

A production function measures how:

• A) A firm transforms output into input.
• B) A firm transforms inputs into output.
• C) An individual maximizes utility.
• D) A firm minimizes cost.

---

Definitions:

Accrued Interest

Interest that has been earned but not yet received in cash or recorded by the payee.

Interest Revenue

The income a company receives from its investments in interest-bearing accounts or other instruments.