Question

What is meant by the term production function?

Answer 1

Hey friend here is your answer...^_^


In economics, a production functionrelates physical output of a productionprocess to physical inputs or factors ofproduction. ... To satisfy the mathematical definition of a function, a production function is customarily assumed to specify the maximumoutput obtainable from a given set of inputs.


hope this helps....
if it helps then please please please mark this as brainliest.....

Answer 2

In simple words, production function refers to the functional relationship between the quantity ofa good produced (output) and factors of production (inputs).“The production function is purely a technical relation which connects factor inputs and output.” Prof. Koutsoyiannis