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What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What is short run production function?
if at-least one factor of production is constant, production function is infact short-run production function
What sources shift production function?
s shift in production function
What is the managerial use of production function?
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 do you derive a cost function for a production function?
derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.
What is meant by production functionin accordance to managerial economicswhat does production function mean?
Production means which we are planning to make a thing with mixing of raw materials with some process it called production.
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What is short run production function?
if at-least one factor of production is constant, production function is infact short-run production function
What are the production function of Mc Donalds?
what is mcdonalds production function
What sources shift production function?
s shift in production function
What is the use of production function?
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.
What is the managerial use of production function?
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.
How do you derive a cost function for a production function?
derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.
What is meant by cost of production?
cost of production is the amout of money spend on the production of a perticular comodites.
What is meant by crop production?
it means what is the crop in the cereals production ps.love education
If production set is convex then production function is concave?
correct.
