What is Production Function ?

Question

2 years ago

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2 answers:

Vesna [10] · Answer 1 · 2022-12-05T06:04:21+03:00

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] · Answer 2 · 2022-12-05T07:39:16+03:00

4 0

Answer:

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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