What is production function....and name it's three stages??
Answers
Answered by
3
Heya....
Production Function --- It refers to the functional relationship between physical input and physical output.....
Three stages that goes under it are...
1 Increasing return to factor..
2 Diminishing return to factor...
3 Negative return to factor...
Production Function --- It refers to the functional relationship between physical input and physical output.....
Three stages that goes under it are...
1 Increasing return to factor..
2 Diminishing return to factor...
3 Negative return to factor...
Answered by
2
Hlo.....
@@ Production function.....
It refers to the functional relationship between the physical inputs and physical outputs.....
@@ Three stages of this are occurring due to the law of variable proportion which r......
* Increasing return to factor....
* Diminishing return to factor.....
* Negative return to factor.....
## Good luck !!!
@@ Production function.....
It refers to the functional relationship between the physical inputs and physical outputs.....
@@ Three stages of this are occurring due to the law of variable proportion which r......
* Increasing return to factor....
* Diminishing return to factor.....
* Negative return to factor.....
## Good luck !!!
Similar questions