The production function is based on which combination of the main characteristics of the input form the following:
(i) Substitutability
(ii) Complementarity
(iii) Flexibility
(iv) Specificity
Choose the correct answer from the code given below:
1
Only (i) and (iii)
2
Only (ii), (iii) and (iv)
3
Only (i), (ii) and (iv)
4
Only (iii) and (iv)