ECONOMICS
TECHNOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A production function shows about the relationship between
|
Input and cost
|
|
Outputs and cost
|
|
Products and cost
|
|
Input and Output
|
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.
There is 1 question to complete.