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In the field of economics, a production function is a calculation that explains the relationship between what it costs to produce goods and the actual quantity of goods you were able to produce. An example of a "hidden" production function would be money transfers at banks.

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Related Questions

Is money transfer a hidden production function?

Yes


What was the Production Budget for Hidden Away?

The Production Budget for Hidden Away was $1,000,000.


What is the production function and types of production function?

production function is relation between firm's production and material factors of production


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if at-least one factor of production is constant, production function is infact short-run production function


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what is mcdonalds production function


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s shift in production function


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In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.


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In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.


How does one figure the production function of their company?

One would have to figure out the production function of their company pretty early on. The production involves the things they make, and the function is what the product does.


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derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.


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Masters of Production The Hidden Art of Hollywood - 2004 TV was released on: USA: 25 August 2004


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Production function refers to the functional relationship between (physical) input and (physical) output

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