CBSE Class 12-commerce Answered
What is production function?
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
Expert Answer
Production function is the relationship between physical input such as labour, capital and physical output of a good. It is expressed in the following form:
q = f (x1, x2)
It means by using x1 amount of factor 1 and x2 amount of factor 2, will be able to produce q amount of good.
Answered by | 25 Apr, 2016, 04:20: PM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 02:20: PM
ANSWERED BY EXPERT
