The Production function is the relationship between the number of inputs that a firm uses and the resulting units of output .
Production function --
A production function shows the output or total product as more of the variable input in our case labor is added. the function shows the regions of increasingly marginal product, decreasing marginal product and negative marginal product.
In economies , equation that expresses the relationship between the quantities of productive factors used and the amount of product obtained.Production function helps in making short term decisions, such as optimum level of output. Helps in making long term decisions, such as deciding the productive level. Helps in calculating the least cost combination of various factors inputs at a given level of output.
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