How can manager use an production function to decide whether to add an input to increase production

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Social Studies

Tasha

2 May, 21:42

How can manager use an production function to decide whether to add an input to increase production

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Aracely Bowen · Answer 1

Production function could be utilized to find out marginal product and determine allocative efficiency.

With this, a manager could predict the number of products that desired by the consumers And configure the production amount in order to fulfill what the consumers desire