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belka [17]
2 years ago
13

What is Production Function ?

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World Languages
2 answers:
Vesna [10]2 years ago
7 0

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Production Function is the functional relationship between inputs and output in a given state of technology.

Roman55 [17]2 years ago
4 0

Answer:

\:

  • Production is also know as "transformation of inputs into outputs ". There is direct relationship between the amount of input and the amount of output produced.

  • Production Function is the functional relationship between physical input and physical output
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