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WHAT IS PRODUCTION FUNCTION ❓❓❓❓❔❓❔❓❔❓ |
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Answer» It depicts relationship between factors of production (land, labour,capital)and total output production function is the functional relationship between intput used and output produced by the firm. Technical relation b/ w input used and output produced It is Px,Pr,Y,taste and preference ,exceptation. Techonological Realationship b/w physial input and physical output |
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