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A production function: Multiple Choice defines the minimum amount of output that can be produced with inputs such as capital and labor. defines the average

A production function:

Multiple Choice

defines the minimum amount of output that can be produced with inputs such as capital and labor.
defines the average amount of output that can be produced with inputs such as capital and labor.
represents the technology available for turning inputs into output.
is determined only by the expenditures on R&D.

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