Economy, asked by aflah87, 1 year ago

the functional relationship between inputs and outputs in the production

Answers

Answered by priyanshuchauhan196
3

The production function specifies either the maximum output that can be produced with the given inputs or the minimum quantity of inputs needed to produce a given level of output. ... Production function establishes a relation between inputs and output, which is technical in nature.

Answered by saniyabharti
0

The functional relation between output and input is input provide raw materials to specific industry so that it provide output to the people .  Without input we can't produce output.

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