What is production technology and how does it differ from a production function?
A. It is a function showing the highest output that a firm can produce for every specified combination of inputs, while the production function shows the minimum output that can be produced.
B. It is a function showing the minimum output that a firm can produce for every specified combination of inputs and is the same as the production function.
C. It is a function showing the highest output that a firm can produce for every specified combination of inputs and is the same as a production function.
D. It is a function showing the minimum output that a firm can produce for every specified combination of inputs, while the production function shows the maximum output that can be produced.
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