What is the difference between isoquant and production function?
Answers
Answered by
4
Production function gives us the relationship between input and output. In other words production function shows the maximum quantity of output that can be produced with the given inputs.
Similar questions
Math,
7 months ago
Science,
7 months ago
Social Sciences,
1 year ago
Math,
1 year ago
Social Sciences,
1 year ago
English,
1 year ago