Production and cost — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Define short run production function.
✓
Answer
In short run production function, a firm cannot vary all the inputs, i.e., some remain constant. In order to vary the level of output, the firm can vary only the factors other than the fixed.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.