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The Leontief production function is a type of production function that assumes a fixed proportions approach to input usage. It is characterized by the idea that inputs (such as labor and capital) are used in fixed ratios to produce output, meaning that if one input is limited, production cannot be increased by substituting more of the other input. Mathematically, it is represented as ( Q = \min(aL, bK) ), where ( Q ) is output, ( L ) is labor, ( K ) is capital, and ( a ) and ( b ) are the fixed input coefficients. This model is often used in scenarios where inputs cannot be easily substituted for one another.

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