Question

A production manager should continue To use inputs unit the marginal product (MP) reaches at zero.?​

Answer 1

A production function represents how inputs are transformed into outputs by a firm. In particular,

a production function describes the maximum output that a firm can produce for each specified

combination of inputs. In the short run, one or more factors of production cannot be changed,

so a short-run production function tells us the maximum output that can be produced with different

amounts of the variable inputs, holding fixed inputs constant. In the long-run production function,

all inputs are variable

Answer 2

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