Tootmisfunktsioon
Tootmisfunktsioon, in economics, is a mathematical representation of the technological relationship between inputs used in production and the maximum quantity of output that can be produced with those inputs, given available knowledge and efficiency. It summarizes how different amounts of inputs translate into goods or services.
A typical production function maps input quantities, usually capital (K) and labor (L), to output (Q): Q
Returns to scale describe how output changes when all inputs are scaled by the same factor. Constant
Common functional forms include Leontief, Cobb-Douglas, and CES functions, each capturing different substitutability and elasticity properties
Used in microeconomic analysis, tootmisfunktsioon underpins cost and profit optimization, input demand, and assessments of technological