Question

Difference between product and production function

Answer 1

production function relates physical output of a production process to physical inputs or factors of production where as product is something that is made naturally and in factory or industry....

Answer 2

✔✅A production is purely an engineering concept. If you plug in theamount of labor, capital and other inputs the firm is using, theproduction function tells how much output will be produced by those inputs. Production functions are specific to the product. Different products have different production functions.