Economy, asked by prathapjollyguy152, 10 months ago

What do you mean by short term production function?

Answers

Answered by Anonymous
1

\huge\green{Heyya}

The short run production function is one in which at least is one factor of production is thought to be fixed in supply, i.e. it cannot be increased or decreased, and the rest of the factors are variable in nature.

Hope this helps you.....

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Answered by DevilCrush
1

Answer:

Explanation:

The short run production function is one in which at least is one factor of production is thought to be fixed in supply, i.e. it cannot be increased or decreased, and the rest of the factors are variable in nature

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