Production function is a functional relationship between physical input and physical output. It is the result of co operation of four factors of production ( L,L,C,O) .in the short run firm can increase their production by changing only variable inputs but in the long run no fixed inputs all factors of production are variable inputs Thank u sir Good presentation 🤝🤝👍👍
The production function is the compained efforts of 4 factors like (land, labour, capital, organisation) of production. That resulted in transformation of input into output
Production function is the relation between factor inputs and outputs.A production function consist of short run where a firm can increase their production by changing only variable inputs while long run production function allowed to change all the factors of production.All inputs are variables here
Production function is the equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. ✅✅✅✅✅
