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Production Function in Economics: Definition, Formula & Example

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question 1 of 3

In calculating the production function for a business, which of the following might be a variable?

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1. The production function measures _____.

2. Which is the basic production function?

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About This Quiz & Worksheet

Test yourself on what you know about production function in economics with these study resources. Included on the quiz are questions on subjects like recognizing what the Robinson Crusoe production function is an example of and understanding what the production function measures.

Quiz & Worksheet Goals

This quiz and worksheet will assess how well you know how to:

  • Identify the basic production function
  • Calculate production using a linear function
  • Recognize production function that calculates how additional employees will produce less than those that came before

Skills Practiced

Use the worksheet and quiz to practice these study skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on production function in economics
  • Critical thinking - apply relevant concepts to examine information about production function in a different light
  • Information recall - access the knowledge you've gained regarding the basic production function

Additional Learning

Review this lesson entitled Production Function in Economics: Definition, Formula & Example to learn more about production function in economics. This lesson will adhere to the following study objectives:

  • Identify variables
  • Understand fixed resources
  • Define linear production function
  • Explain diminishing returns to labor
  • Know how to graph production functions
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