Economy, asked by athulyas11062002, 2 months ago

what is meant by production function for a single product

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Answered by lisa0001

Answer:

It describes the laws of proportion, that is, the transformation of factor inputs into products (outputs) at any particular time period.The production function represents the technology of a firm of an industry, or of the economy as a whole.

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what is meant by production function for a single product​

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what is meant by production function for a single product