The document discusses the topic of a production function, which is presented by Amisha Kumari of the B.B.A. Department. A production function transforms inputs like capital, entrepreneurship, land, and labor into outputs. It can be expressed as an equation, table, or graph that shows the maximum amount of a commodity a firm can produce from given inputs in a period of time, referring to the total volume of goods produced. Marginal product is the additional output from adding one more worker while keeping plant size constant, and average product is the output per worker.

1. Topic – Production function
Present by – Amisha kumari
B.B.A Department

2.  It’s an activity that transforms input and
output.

3.  TECHNOLOGY
 Inputs –
 C- capital
 E- entrepreneurship
 L – land
 L-labour

4.  A production function can be an equation,
table or graph presenting the maximum
amount of a commodty that a firm can
produce from a given set of inputs during a
period of time .

6.  It refers to the total volume of goods
produced during a specified period of time .
 Marginal product (MP)- The additional output
that can be produced by adding one more
workers while holiday plant size constant .
 Average product (AP)- The represents the
amount of output produced by each worker
on average or output per worker.