Use the following two statements to answer this question: \rPRODUCTION TRUE - THE PROD FALSE \r \rI. TRUE \rProduction functions describe what is technically feasible when the firm operates efficiently. \r \rII. FALSE \rThe production function shows the least cost method of producing a given level of output

He graph of f(x) = |x| is stretched by a factor of 0.3 and translated down 4 units. which statement about the domain and range of each function is correct? the range of the transformed function and the parent function are both all real numbers greater than or equal to 4. the domain of the transformed function is all real numbers and is, therefore, different from that of the parent function. the range of the transformed function is all real numbers greater than or equal to 0 and is, therefore, different from that of the parent function. the domain of the transformed function and the parent function are both all real numbers.