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What are the assumptions in production?

      

What are the assumptions in production?

  

Answers


John
1. Production is mono periodic.
2. All inputs and outputs are homogeneous.
3. Firms are price takers in input market and product market.
4. The main aim of firm is to maximize profits.
Jonmhumble answered the question on October 26, 2017 at 16:31


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