Maximum output Q that a firm can produce for every specified combination of inputs.
Labour (L)
Capital (C)
Q = F (K, L)
In other words production function is the relationship between the quantity of inputs used to make a good and the quantity of output of that good.
The short run refers to a period of time in which one or more factors of production can not be changed factors that can not be varied over this period are called fixed inputs.
Ex - labours
Long runs refers to the period where in all the inputs are variable.
Ex - capital
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