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Production function looks upon production process and related costs of production.
In short processing input into output of goods and services.
The whole process depends upon following points :
Tiem period
Technology
Supply and short run period
Labour and capital used .

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Combination of physical inputs and physical output.
Some inputs of production are fixed and others are variable
-Q= Q(L,K) where L is Labour and K is Capital.

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Average product is the average cost per unit per set and marginal product is the cost for the very next unit to br produced in resources

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Yug

Product function, in economic, equation that expresses the relationship between the quantities of productive factors used and the amount of product obtained.

Elastic, inelastic demand numericals
average and marginal product table + graph

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Total, Average and Marginal Concepts of Production
Q = f (K, L)
It is used to define the marginal product and allocative efficiency.
Where Q refers to the quantity of the output produced and F refers to function, L refers to labor and K refers to capital or the investment made

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Graph avg product sum, elastic inelastic demands inelastic demand numericals

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Production function by Jay Vora, Roll no. B012

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Production function by Jay Vora, Roll no. B012

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It is a function of capital,labour and quantity. There are short term production and long term production. In Short term production labours can vary but quantity remains about the same. In long term production labours remain fixed and quantity can vary. For example: a food product factory getting sudden production demand for certain product

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Production function in economics 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.

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Othman sayed
B008
equation that expresses the relationship between the quantities of productive factors
elastic inelastic demand
Sums based on graph

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equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained

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Relation Between Quantities of Productive factors.

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Relation Between Quantities of Productive factors.

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Q-f(K, L)
O is the level of output
K= units of capital
L= units of labour
f = represents the production technology

Dhruv Varia, B011.

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quantity marginal total product avg product sum graph.
isoquants
elastic inelastic demands.

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Elastic, inelastic demand numericals
isoquants
average and marginal product table + graph