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Production Function- Eco Ppt

Production Function- Eco Ppt

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Published by deepsonu15685

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Categories:Types, Business/Law
Published by: deepsonu15685 on May 04, 2010
Copyright:Attribution Non-commercial

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08/05/2013

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LONG RUN PRODUCTION FUNCTION
 
LONG RUN PRODUCTION FUNCTION
 ()
MBA PM
 
 
What Is ProductionWhat Is ProductionFunctionFunction
Production function deals with theProduction function deals with themaximum output that can bemaximum output that can beproduced with a limited andproduced with a limited andgiven quantity of inputs.given quantity of inputs.
 
 
RODUCTIONFUNCTION
.
1
-
The tool of analysis used to explain the input
 
output relationship
.
2
 
Describes the technological relationship
 
between inputs and outputs in physical terms
.
3
 
It tells that the production of a commodity
 
depends on specific inputs
.
4
 
It represents quantitative relationship between
 
inputs and output
.
5
,
It represents the technology of a firm of an
,
industry or of the economy as a whole

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