A function that specifies the output in an industry for all combinations of inputs.
Related information about production function:
- Production function - Wikipedia, the free encyclopedia
In microeconomics and macroeconomics, a production function is a function that specifies the output of a firm, an industry, or an entire economy for all ...
- production function (economics) -- Britannica Online Encyclopedia
In economics, equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product ...
- Production functions
A linear production function is sometimes a useful, if very rough approximation of a production process -- for example, if we know that wages are $ 1000 a day ...
- Production Function
A production function can be represented in a table such as the one below. In this table five units of labor and two of capital can produce 34 units of output.
- The Production Function
Looking at scale economies. The Production Function. This curve shows how output varies as a result of changing labor and capital proportionally. Q = F(L,K) ...
- Definition of Production Function
Production Function. The production function relates the output of a firm to the amount of inputs, typically capital and labor. It is important to keep in mind that the ...
- ECON201: Production Function 2 - YouTube
Feb 12, 2009 ... Production Function 2. ... ECON201: Production Function 3by UNCGDCL1,753 views · Production Function Part 1 12:22. Watch Later ...
- PRODUCTION FUNCTION - WikiEducator
Apr 16, 2012 ... Define short-run and long-run production function 3. Understand the relationship between inputs and output in the short run with the help of law ...