Question

production functions explains the relationship between ????​

Answer 1

Answer:

Production functions explain the relationship between quantity of output and different quantities of inputs used in the production process.

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Answer 2

Answer:

In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs). ... It shows the flow of inputs resulting into a flow of output during some time. The production function of a firm depends on the state of technology.

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