Economy, asked by kailashindia73, 11 months ago

Define production function.(2)​

Answers

Answered by ashwanikumargupta223
6

Answer:

The production function refers to the relationship between the input of factor services and the output of the resultant product. The production function is based on the idea that the amount of output in a production process depends upon the amount of inputs used in the process

Answered by komalchauhan9717
5

hey.....

Answer:

Production function, in economics, equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained.

hope it's help uhh.

Similar questions