Synonymous to the demand theory that pivots around the concept of the demand function, the theory of production revolves around the concept of the production function. A production function can be an equation, table or graph presenting the maximum amount of a commodity that a firm can produce from a given set of inputs during a period of time.
Details
- Publication Date
- Mar 20, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
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