Question

♡⚫Heya Matez ⚫♡
Ques: Define production function.​

Answer 1

Explanation:

It is a mathematical function that relates the maximum amount of output that can be obtained from a given number of inputs – generally capital and labor.

Answer 2

Hi mate,

here's your answer

Production function can be defined as the relation between the physical input and out of quantitIES of goods.

One important purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors.

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