The production function shows the restrictions that:

technology places on the firm.
consumers place on the firm.
resource owners place on the firm.
stockholders place on the firm.

The three fundamental tasks facing the firm that economics highlights are to:

obey the law, satisfy consumers, and pay workers.
buy inputs, produce output, and sell the output.
buy resources, make a product, and pay taxes.
keep costs low, keep revenues high, and to make a profit.

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