Class 11 Economics Chapter 3 | Production Function - Production and Cost

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If the questions will come like that:- that, how many chairs will manufacture from 7 L 2 C? Then how will I find?

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relationship between Production function and cost function

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Previous Video : Production - Class 11th Economics kzbin.info/www/bejne/eZavfqOnYtCbqqs Next Video : Factors of Production - Class 11th Economics kzbin.info/www/bejne/fGmtn4yVrq-Nj8k

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Exam

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Thanku mam. I am preparing for ca foundation. I am from odisha i do not have economics in 12th as is not mandatory in odisha. Great explanation mam.

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Thank you so much mam

[@Chandrakeshkushwaha101]

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[@sushantkumar7638]

Nice 👍 But one confusion. In the production process Capital (K) ka matalab kya hai?

[@MagnetBrainsEducation]

Thank you for your feedback! We're glad to hear that you liked the video. The 'K' in the production process stands for the capital cost of production. We hope this helps!

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[@theparablesworld3020]

Having a doubt ma'am:in ex of production function u said chair is an output and L nd K are inputs than what is wood will be here ....is it not the input ??? Please clear this 🙏

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[@wdym.h4rsh]

Actually it's a whole process for making chair from wood So input contains all

[@wdym.h4rsh]

See 2:51

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Wood comes under capital

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Please ma'am give more examples to explain production function

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Mam can you explain 3rd point of more about production function with example

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[@commerceteacher7567]

Capital denotes from K ?

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Mam u have not shown graph on production function

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[@sayantanisarkar1234]

If the questions will come like that:- that, how many chairs will manufacture from 7 L 2 C? Then how will I find?

[@MagnetBrainsEducation]

Hi there! That's a great question. You can find the answer by using the formula "Length x Breadth = Area". In this case, the area is 7 x 2 = 14. So, you would need to manufacture 14 chairs.

[@sayantanisarkar1234]

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How can you say that (7l, 2k) produces 250 q?? Is there any formula for this?

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only for example