Visit http://classof1.com/homework-help/economics for customized academic help in Economics. <br /><br />Production Function: <br /><br />Synonymous to the demand theory that pivots around the concept of the demand function, the theory of production revolves around the concept of the production function. A production function can be an equation, table or graph presenting the maximum amount of a commodity that a firm can produce from a given set of inputs during a period of time.