write the mathematical formula of Total product, Average product and marginal product
Answers
Answered by
3
Explanation:
The function that explains the relationship between physical inputs and physical output (final output) is called the production function. We normally denote the production function in the form:
Q = f(X1, X2)
where Q represents the final output and X1 and X2 are inputs or factors of production.
Similar questions
Economy,
4 months ago
Political Science,
4 months ago
English,
4 months ago
Hindi,
8 months ago
Hindi,
8 months ago
Computer Science,
11 months ago
English,
11 months ago