Production function estabilishes a relation between inputs and output, which is technical and not economical in nature.

Production function estabilishes a relation between inputs and output,

1.	Production function estabilishes a relation between inputs and output, which is technical and not economical in nature.
Answer» SOLUTION :True. Production function establishes only a technical RELATION between inputs and output. It is not economical in nature as we do not CONSIDER the VALUE of inputs and output.