ECONOMICS
TECHNOLOGY
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Question
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A production function shows about the relationship between
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Input and cost
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Outputs and cost
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Products and cost
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Input and Output
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Explanation:
Detailed explanation-1: -A production function shows the relationship between inputs of capital and labor and other factors and the outputs of goods and services. The simplest possible production function is a linear production function with labor alone as an input.
Detailed explanation-2: -supply function Was this answer helpful?
Detailed explanation-3: -production function, in economics, equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained.
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