Question

introduction to production function​

Answer 1

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❣️In economics, a production function relates physical output of a production process to physical inputs or factors of production. 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.❣️

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Answer 2

Answer:

Production function relates physical output of a production process to physical inputs or factors of production. It is the mathematical function that relates the maximum amount of output that can be obtained from a given number of inputs - generally capital and labor .

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