Meaning PRODUCTION FUNCTION
What does PRODUCTION FUNCTION mean? Here you find 9 meanings of the word PRODUCTION FUNCTION. You can also add a definition of PRODUCTION FUNCTION yourself
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PRODUCTION FUNCTIONProduction function is the maximum set of output(s) that can be produced with a given set of inputs. Use of a production function implies technical efficiency. Synonym for production frontier, the tec [..]
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PRODUCTION FUNCTIONThe technical relationship, given a state of technical knowledge, relating to the amount of output capable of being produced by different sets of specified inputs.
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PRODUCTION FUNCTIONA function that specifies the output in an industry for all combinations of inputs.
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PRODUCTION FUNCTIONA mathematical relation between the production of a good or service and the inputs used. A production function is usually expressed in this general form: Q = f(L, K), where Q = quantity of production [..]
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PRODUCTION FUNCTIONDefinition A function that specifies the output in an industry for all combinations of inputs.
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PRODUCTION FUNCTIONThe combination of inputs to produce outputs.
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PRODUCTION FUNCTIONIn Transportation Systems Analysis, a Production Function finds the set of minimum cost resource input combinations for a specified output, given current technology, and serves as an input to supply p [..]
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PRODUCTION FUNCTIONA technical relationship between a certain level of factor inputs and the corresponding level of output.
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PRODUCTION FUNCTIONDescribes a mapping from quantities of inputs to quantities of an output as generated by a production process. Standard example is: y = f(x1, x2) Where f() is the production function, the x's are [..]
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| << PRODUCTION BOUNDARY | PRODUCTION WEIGHTED TARIFF RATE >> |
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