Introduction to production functions | APⓇ Microeconomics | Khan Academy

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www.khanacademy.org/economics-finance-domain/ap-microeconomics/production-cost-and-the-perfect-competition-model-temporary/the-production-function/v/total-product-marginal-product-and-average-product
Production functions describe how output is determined by various inputs. The short run is defined as the period of time in which at least one input is fixed. Anything longer than that is considered the long run.
AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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🎯 Key Takeaways for quick navigation: 00:00 *Production function basics.* 00:59 *Factors of production.* 02:26 *Bread toasting example.* 03:30 *Constructing production function.* 05:28 *Short run vs. long run.* Made with HARPA AI

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the existence of negative production function justifies a lump sum payment to all to ensure positive production functions

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Please help me calculate this problem Suppose the production is given as Q= F(56L^1/2 -12L+K^2+400)where the value of K=5unit then calculate elasticity of input at total output maximizing level of input

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Samuel L. Jackson