WELCOME TO YOU I heartily welcome you to read this post on the  concepts related to Production in Economics. Share your thoughts because they're very powerful. ------------------------------ Production function Production function explains the relationship between inputs and outputs. It is a mathematical equation which shows the functional relationship between the inputs used to produce output. When input increases, the output also increases. It can be expressed mathematically as: Q=f(n, l, k, o, t) Where   F=Functional relationship.  n = Land and natural resources.  l = Labour.  k = Capital.  o = Organisation.  t = Technology.  Note: The modern economists consider technology as also a factor of production. because technology is also a highly determining factor and influential factor for production and output. Iso-product curve (Iso-quant or Production indifference curve) Iso-quant refers to equal quantity or product means output. It is a gra...