The relationship between the inputs employed by a firm and the maximum output that it can produce with those inputs is the firm's?

Respuesta :

The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's production function.

There is some correlation between a firm's inputs and outputs. Such a connection is referred to as a "production function" in economics. The connection between the number of inputs and the number of outputs produced by a company is described by its production function.

Limited inputs will result in outputs that are also restricted. Inputs utilized to create an output, such as commodities and services, are referred to as factors of production.

Therefore, the link between a firm's inputs used and the greatest output it can create using those inputs is known as the firm's production function.

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