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7.5.3 long-run production function
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The long-run production function

The long-run production function

The long-run production function describes the maximum output a firm can produce from each combination of input quantities when all factors of production are variable. No input is held fixed, so the firm can adjust its plant size, labour, capital, and other inputs.

7.5.3 long-run production function Lesson

  1. Intl A Level
  2. /Economics
  3. /7.5.3 long-run production function

Step-by-step lessons on CIE Intl A Level Economics 7.5.3 long-run production function. Each one builds up to exam-style questions.