Identify the Truthfulness of the Following Statements

question 42

Multiple Choice

Identify the truthfulness of the following statements.
I. Because the production function identifies the maximum amount of output that can be produced from a given combination of inputs, only technically efficient input combinations are found on the production function.
II. The production function identifies the technically feasible combinations of inputs.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.