Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

The statement and the table give details about a production function. A production function shows the quantity of ......1...... that can be achieved from each pairing of ......2...... and may be used to provide information about ......3...... . Which words correctly fill gaps 1, 2 and 3?

  • Ademand / labour / returns to scale
  • Bdemand / labour / normal profit
  • Coutput / inputs / returns to scale
  • Doutput / inputs / supernormal profit

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