Production function: The relationship between the amount of input required and the amount of output that can be produced is called the production function. It specifies the maximum output that can be produced with a given quantity of inputs for a given level of engineering and technical knowledge.
Quantity = ∫Technology (Land, Labor, Capital)
explain The Relationship Between TP,MP And AP Curves And The Three Stages Of Production?
We can get it in the book schaum's outlines Micro Economic Theory Third Edition by Dominick Salvatore
Quantity = ∫Technology (Land, Labor, Capital)
explain The Relationship Between TP,MP And AP Curves And The Three Stages Of Production?
We can get it in the book schaum's outlines Micro Economic Theory Third Edition by Dominick Salvatore
