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| 1. |
Explain the concept of production function. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Production function is the technological <a href="https://interviewquestions.tuteehub.com/tag/relationship-1183331" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIONSHIP">RELATIONSHIP</a> which <a href="https://interviewquestions.tuteehub.com/tag/tells-7259286" style="font-weight:bold;" target="_blank" title="Click to know more about TELLS">TELLS</a> that maximum output can be produced from various combinations of inputs.</body></html> | |