Question

Level of output max and min conditions production function

Answer 1

Explanation:

In economics, a production function gives the technological relation between quantities of ... In the production function itself, the relationship of output to inputs is .... {\displaystyle Q=\min(a_{1}X_{ 1}.

Answer 2

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. The production function, therefore, describes a boundary or frontier representing the limit of output obtainable from each feasible combination of inputs.

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