Various types of production function.

The production function:-

                             In ordinary sense production means creation of utility.But in ECONOMICS production means transformation of input into output.we can also say maximum output (Q) that a firm can produce for every specified combinations of inputs.

          i.e          Q=f (K,L),     Where , Q = Output

                                                            f = Function

                                                            K=Capital

                                                            L =Labour

Types of production function:-

                                              The short run refers to a period of time in which one or more factors of production cannot be changed factors of production.Short run functions are mainly two types one is Fixed factor and another is variable factor.Factors that can't be varied over this period are called fixed period.building,machinery are the fixed factor and labour and raw material are the variable factor. Long runs refers to the period wherein all inputs are available. Long run and short run depends on the structure of industry.

                                             

                                 source:-(www.google.co.in/search?q=types+of+production+function)