Start learning →

A production function describes which kind of boundary for output?

AA floor on prices
BA frontier of output
CA cap on wages paid
DA limit on demand
Answer & Solution
Correct answer: B. A frontier of output
Because it gives the maximum output for each input combination, it traces the frontier of what is feasible.
Practise this question with Quill — CA Foundation →

Keep practising Theory of Production

Browse all Theory of Production questions for CA Foundation, or explore more Business Economics topics.

Start a Theory of Production lesson →
Related questions