What is a production function product

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Q. Lucas Wedge and Okun Gap How costly are productivity slowdown and lost output as real GDP fluctuates around potential GDP in a business cycle?

Q. List 3 different costs you have. Business decisions that are affected by your costs.Look for answers to these questions: What is a production function? Product? How are they related? Related to each or and to output? Long- run? What are economies of scale?

Reference no: EM1372260

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