Production function refers to the efficiency in the use of quantity inputs which results in the quantity outputs or in another words production function is known as the production of physical outputs with respect to the physical inputs provided Q=f(kL)
Q = output, or the amount of goods or services produce
K = capital or fixed resources (meaning they don't change)
L = labor, referring to the human resources a business uses to produce its good or service
example :Lets take a company , there r 100 labours , so 1 labour can produce 100 outputs .hence 100 *100=10000 total output Therefore Q=100L This shows the straight graph
Q = output, or the amount of goods or services produce
K = capital or fixed resources (meaning they don't change)
L = labor, referring to the human resources a business uses to produce its good or service
example :Lets take a company , there r 100 labours , so 1 labour can produce 100 outputs .hence 100 *100=10000 total output Therefore Q=100L This shows the straight graph
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