What is a production function? How does a long-run production function differ from a short-run production function?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:20 AM

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What is a production function? How does a long-run production function differ from a short-run production function?

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A production function represents how inputs are transformed into outputs by a firm In particular a ...View the full answer

Microeconomics

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