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Title: Which of the following statements is NOT true about the production function? Post by: malabranche13 on Mar 4, 2019 Question 1. Which of the following activities is NOT included in the production process?• determining the value of the goods • transporting the goods • packaging the goods • making the goods Question 2. Which of the following statements is NOT true about the production function?• A new production function does not have to be developed when there is technical progress since technology is included in the function. • The production function depends upon the level of technology available to the firm. • It specifies the cost of inputs necessary to produce a certain level of outputs. • It gives the maximum output that can be obtained for a given level of inputs. Title: Which of the following statements is NOT true about the production function? Post by: nick1116 on Mar 4, 2019 Content hidden
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