Question

Short run production function is related to-
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Answer 1

Answer:

The short-run production function defines the relationship between one variable factor (keeping all other factors fixed) and the output. ... For example, consider that a firm has 20 units of labour and 6 acres of land and it initially uses one unit of labour only (variable factor) on its land (fixed factor).

Explanation:

The law of diminishing marginal returns determines the behavior of output in the short-run. Think of a pizzeria, with tables, chairs, and ovens (fixed factor of production). With no workers, the output is zero, with one worker the output is 'x' units.

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