Production function
id:
production-function-282-13054578
title:
Production function
text:
In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. One important purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to
brand slug:
wiki
category slug:
encyclopedia
description:
Used to define marginal product and to distinguish allocative efficiency
original url:
https://en.wikipedia.org/wiki/Production_function
date created:
date modified:
2024-03-28T21:59:20Z
main entity:
{"identifier":"Q524004","url":"https://www.wikidata.org/entity/Q524004"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/4/4d/Total%2C_Average%2C_and_Marginal_Product.svg","width":300,"height":540}
fields total:
13
integrity:
15