Search results
We did not find results for: define production function.
Check spelling or type a new query.
We did not find results for: define production function.
Check spelling or type a new query.
Physical output of a production process to physical inputs or factors of production
In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. Wikipedia