Which of the Following Statements Is FALSE

question 197

Multiple Choice

Which of the following statements is FALSE?

• A) Included in the firm's short-run production function are both fixed and variable inputs.
• B) An efficient firm can obtain more output than the production function shows.
• C) The production function shows the technical relationship between a firm's inputs and outputs.
• D) The production function presents the technically efficient methods of combining inputs to produce output.

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