RE: 18-03-2024 - Economy - Production [EN]-[IT]
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This is really educative and one can actually learn a lot from this actually
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You are viewing a single comment's thread:
This is really educative and one can actually learn a lot from this actually
thanks for being here. The production function can help us understand the role of human capital and progress and to better understand the different types of costs and their behavior. Usually, even if explained like this it is not understandable, I leave the production function formula below.
That means every economist must actually understand how the production function works because it has a way of helping to understand what we needs to understand accurately