Answer :
The relationship between a firm's level of output and level of inputs is given by: a production function.
What is meant by production function?
Production function is the greatest set of output(s) that can be produced with a given set of inputs. Use of a display function implies technical efficiency.
Which is the immediate production function?
A production function relates the input of aspects of production to the output of goods. In the basic production, function inputs are generally capital and labor, though more extensive and complex production functions may include other variables such as land or crude resources.
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Complete Question is,
-a marginal cost curve.
- a production function.
- a production possibilities frontier.
- an average cost curve.
- an economic cost curve.