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प्रश्न
State the production function.
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उत्तर
The production function is the relationship between inputs of productive services and outputs of product per unit of time.
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संबंधित प्रश्न
Define production function.
Distinguish between short-run and long-run production functions.
Explain the concept of a production function.
Let the production function of a firm be Q = 2L2 K2.
Find out the maximum possible output that the firm can produce with 5 units of L and 2 units of K. What is the maximum possible output that the firm can produce with zero unit of L and 10 units of K?
Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L = 2K.
The functional relationship between “inputs” and “outputs” is called as
The long-run production function is explained by
A production function measures the relation between
If average product is decreasing, then marginal product
What is the main feature of inputs in the short run?
If only labour can be changed and capital is kept fixed, the firm uses ______.
When all inputs are changed in the same proportion in production, it is known as ______.
Which law is studied with the short‑run production function Q = f(L)?
Which one illustrates a long‑run decision for a firm?
Returns to scale is the main law studied in which production function?
