Question

what is short run production function?​

Answer 1

Explanation:

i hope help you this answer

Answer 2

Answer:

It refers to short period of time in which 2 factors are available such as:

(a) Fixed Factors

Fixed Factors are the factors which remains fixed in short run even when there is change in quantity of output.

eg: Land, Building and Machinery

(b) Variable Factors

Variable Factors are the factors which can be changed due to change in quantity of output.

eg: Labour, Raw Materials, Fuel