My style of teaching is simple and easy to understand for learners, I want to give maximum results out of minimum available resources, I give an example. Topic is production function
Production function means combination of inputs and outputs in such a way that gives us maximum output with the use of minimum resources in a given period of time. In economics, a production function shows the technological relationship between the quantities of physical inputs and quantities of output of goods.
Production function examples
Q=f (L, K) ......... (1)
Where Q is output
L = Labour
K=Capital
L and K are both inputs.
From equation 1 is mathmatical equation that relates inputs and outputs, It shows how much output can be produced from the given inputs.
Here
Inputs: The resources are used to produce output such as Land, Labour, Capital, and entrepreneurship.
Output : Output means the result of the usage of inputs in a given time period.
In economics on the bases of time production functions are divided into short run production function and long run production.
In Short run production function the capital input taken as constant and labour as variable in whole production function. In long run production all the inputs are variable.
Subjects
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mathamatics Grade 6-Grade 8
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International trade Bachelors/Undergraduate
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Economic and Commercial Law Grade 12-Bachelors/Undergraduate
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Micro and Macro Economics Grade 12-Bachelors/Undergraduate
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Economic Growth and Development Grade 12-Bachelors/Undergraduate
Experience
No experience mentioned.
Education
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Masters in economics (Mar, 2016–Mar, 2018) from University of Kashmir
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Masters in economics (Mar, 2016–Mar, 2018) from University of kashmir srinagar–scored Statistics