Short run production functions
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The short run production production assumes there is at least one fixed factor input. Production Functions. The production function relates the quantity of factor inputs used by a business to the amount of output that result
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Explanation:
The short-run production function defines the relationship between one variable factor (keeping all other factors fixed) and the output. The law of returns to a factor explains such a production function. ... It measures by how much proportion the output changes when inputs are changed proportionately.
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