Why is the production function useful for making business

Question

asked Sep 24, 2019 94.0k views

1 Answer

Arjen Van Der Spek · Answer 1 · 2019-09-30T17:15:41+0000

companies use the production function to determine the optimal combination of labor and capital to produce a certain amount of out put. increasing marginal costs can be identified using the production function.

Why is the production function useful for making business

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions