A production function assumes a given amount of capital and labor.
Given an incomplete sentence related to a production function.
We are required to find the option which will complete the sentence.
Production function, in economics, is basically an equation that expresses the relationship between the quantities of productive factors used and the amount of product obtained.
It shows the combinations of capital and labor that the producer uses to produce the product.
A production function assumes that the capital and labor be fixed. If we do not assume the amount of capital and labor then we cannot get any conclusion because from this we can have infinite amount of capital and labor resources.
Hence a production function assumes a given amount of capital and labor.
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