Which of the following best describes the production function?

(a) TP = (Land, Labour, Capital, Savings).
(b) TP = f (Land, Labour, Capital, Savings).
(c) TP = (Land, Labour, Capital, Enterprise).
(d) TP = f (Land, Labour, Capital, Enterprise).


Answer: (d) TP = f (Land, Labour, Capital, Enterprise)

Economics

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