Production Function In Hindi / उत्पादन फलन क्या है? скачать в хорошем качестве

Production Function In Hindi / उत्पादन फलन क्या है?

Production Function: In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs) Production is the result of co-operation of factors of production viz., land, labour, capital, technology and organization etc. Q = f( L, K,T,A,B,.......Z ) Where Q = Quantity of output L = Labor K= Capital T= Technology A = Land. Hence, the level of output (Q), depends on the quantities of different inputs (L, K, A) available to the firm. In the simplest case, where there are only two inputs, labour (L) and capital (K) and one output (Q), the production function becomes. Q =f (L, K) “Production function is the relationship between inputs of productive services per unit of time and outputs of product per unit of time.” Prof. George J. Stigler Defined production function as “the relation between a firm’s physical production (output) and the material factors of production (inputs).” Prof. Watson “The production function is purely a technical relation which connects factor inputs and output.” Prof. Koutsoyiannis