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A function is a mathematical relationship in which the values of a single dependent variable is
determined by the value of one or several independent variables.
A production function is therefore a purely technical relationship in which the level of output is
determined by the factor inputs. A production function thus represents a purely technical relation
which connects factor inputs and outputs.It describes the laws of proportion, that is, the
transformation of factor inputs into products (outputs) at any particular time period.
Wilfykil answered the question on February 6, 2019 at 08:17
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 4, 2019. Answers (1)