Economy, asked by anjalipoptani718, 7 months ago

NATURE OR CHARACTERISTICS OR
FEATURES OF PRODUCTION FUNCTION

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Answered by Anonymous

13

Answer:

(i) The production function represents a purely technical relationship in physical quantities between the inputs of factors and the output of the products. ... (iii) The nature of the quantity of the various factors and the manner in which they are combined will depend on the state of technical knowledge.

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