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What is production function and returns …

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What is production function and returns to a favtor

Posted by Rigzen Chospel 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 6 years, 4 months ago

Production function of a firm is a functional relationship between inputs used and output produced by the firm. Returns to a factor relate to the short period production function when one factor is varied keeping the other factor fixed in order to have more output

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