production function

English - Turkish

Definition of production function in English Turkish dictionary: imalat fonksiyonu; üretim işlevi
cobb douglas production function: cobb-douglas tipi üretim foksiyonu

English - English

Definition of production function in English English dictionary: function of the yield in relation to the estimates (Economics); Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output

production function

Hyphenation

pro·duc·tion func·tion

prōdʌkşın fʌngkşın

/prōˈdəksʜən ˈfəɴɢksʜən/ /proʊˈdʌkʃən ˈfʌŋkʃən/

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