throughputs
wronwrongwrong.its throughput____________________for anyone thinking it sounds wrong well its wright weird but wright
To derive a cost function from a production function, you can use the concept of input prices and the production technology. By determining the optimal combination of inputs that minimizes cost for a given level of output, you can derive the cost function. This involves analyzing the relationship between input quantities, input prices, and output levels to find the most cost-effective way to produce goods or services.
there is a shift in the supply curve when the cost of input rises.
Cost-effective is the principal of going for the lowest cost.
There are several characteristics of an effective monitoring system. Some of these are that it finds the main issues, it is computerized, it is cost effective, it is user friendly with its understanding of policies, it shows clearly what is working and measures everything, it shows results, its output is based on what is input, and much more.
i was hoping to find the answer here....but i guess NOT -___-
The least cost combination of inputs can be achieved by utilizing the principle of equimarginal returns, which involves equating the marginal product per dollar spent on each input. This requires analyzing the cost and productivity of each input and adjusting their quantities until the ratio of marginal product to price is the same across all inputs. Additionally, employing optimization techniques, such as linear programming, can help identify the most cost-effective mix of inputs while satisfying production constraints. Regularly assessing input prices and productivity can further enhance cost efficiency.
An advantage of magnetic input media, such as magnetic tape or disks, is that they provide a cost-effective way to store large amounts of data. Magnetic media also offer fast access to stored information and are portable and easily exchangeable between systems.
Why are hospital security departments cost effective
Isoquant is the various combination of input for production while isocost is all combination of input which cost same amount.
Acceptable, Timely, Cost-effective