Managerial Economics - Production Analysis
Managerial Uses Of Production Function - Production Analysis
Posted On :
Production functions are logical and useful.
Managerial Uses Of
Production Function
Production functions are logical and useful. Production analysis can be used as aids in decision making because they can give guidance to obtain the maximum output from a given set of inputs and how to obtain a given output from the minimum aggregation of inputs. The complex production functions with large numbers of inputs and outputs are analyzed with the help of computer based programmes.
Production functions are logical and useful. Production analysis can be used as aids in decision making because they can give guidance to obtain the maximum output from a given set of inputs and how to obtain a given output from the minimum aggregation of inputs. The complex production functions with large numbers of inputs and outputs are analyzed with the help of computer based programmes.
Tags : Managerial Economics - Production Analysis
Last 30 days 1222 views
