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@@ -7,7 +7,7 @@ Here, Q = Quantity of output, L = labour, C = capital, N = land.
Time Elements in Production Function A) Short run In the short run, only some of the inputs can be varied, but not all. Some factors will remain fixed, and some will be variable."><meta property="og:locale" content="en_us"><meta property="og:type" content="article"><meta property="article:section" content="uninotes"><meta itemprop=name content="Unit 6"><meta itemprop=description content="May 02, 2026 Production Function The production function states the functional relationship between the factors of production and the number of products.
Q = f (L, C, N)
Here, Q = Quantity of output, L = labour, C = capital, N = land.
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