Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

In the diagram, the heights of the vertical broken lines indicate the output levels a firm can produce using different combinations of labour and capital. What is the relationship between factor inputs and the level of output shown in the diagram called?

  • Aa long-run cost function
  • Ba long-run production function
  • Ca short-run cost function
  • Da short-run production function

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