Examlex
Which of the following is true? choose one)
Inputs
Resources used in the production process, including labor, capital, materials, and other goods and services.
Production Function
A model in economics that describes the relationship between the quantities of productive factors used (inputs) and the amount of product obtained (outputs).
Inputs
Resources used in the production of goods and services, such as labor, materials, and capital.
Output
The total amount of goods or services produced by a company, system, or economic process.
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