plzzz ans this...economics ques..with reason
Attachments:
Answers
Answered by
0
its answer is (C) all of the above
27jenny:
c or d ...which one
C confirm
u in 12th class..m
no i already completed my 12th
Answered by
0
heya!
option (d) all of the above
we know that a production function in economics stands for the output u r receiving after giving an input that is land, labor, capital or enterprise.
there can be two ways to define it.....
a) short run in which we have two factor of production which is fixed (land, machinary) and variable (labor n raw material) we can only increase or decrease production by changing variable factors.
b) long run in which all the factors are variable and production can be changed by changing any of the factor of production e. g. land, labor, capital n enterprise.
p = f (L, K) where L = labor n C= capital
option (d) all of the above
we know that a production function in economics stands for the output u r receiving after giving an input that is land, labor, capital or enterprise.
there can be two ways to define it.....
a) short run in which we have two factor of production which is fixed (land, machinary) and variable (labor n raw material) we can only increase or decrease production by changing variable factors.
b) long run in which all the factors are variable and production can be changed by changing any of the factor of production e. g. land, labor, capital n enterprise.
p = f (L, K) where L = labor n C= capital
didi
reply
didi
didiii
Similar questions