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What is a production function?

Production function shows the relationship between the input and output by telling the amount ofoutput to be received by using certain amount of inputs i.e. factor of production.

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Chapter 7

Production, Costs and Industry Structure

How Markets Work

The Economics of Labor Markets

Firm Behavior and the Organization of Industry

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What is a production techn…

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What is a function?

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In your own words, what is…

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Explain the process of pai…

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What does a production pos…

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What is a quadratic functi…

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What is an exponential fun…

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Explain what is meant by a…

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What is function notation?…

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What is the difference bet…

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What is a root of a functi…

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Describe three production …

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Describe a revenue functio…

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What is a polynomial funct…

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What is a state function? …

So what is a production function when we think about a function? Um, if we go to our algebra one classes, we can think about something like f of X equals X squared. We have an input X, and we haven't output this x squared. Basically, what a production function is is it is the relationship between our inputs. Now those are our labor and our capital denoted by Ellen K. And our output No, don't buy. Why. Okay, um this is just the relationship away To quantify the relationship between your inputs and outputs.

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