what is production function?
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In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. ... Some non-mainstream economists, however, reject the very concept of an aggregate production function.
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Production Function is the relationship between physical inputs and physical output.
Q = f (K, L, T)
Where,
Q = Output
f = Functional Relationship
K = Capital
L = Labour
T = Technology
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