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Average total cost is very high when a small amount of output is produced because?
Wiki User
∙ 10y ago
average fixed cost is high
Wiki User
∙ 10y ago
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When the amount of output produced by a given amount of inputs increases the most likely result is?
overall productivity rises.
What do you mean by production function?
The relationship between the amount of input required and the amount of output that can be produced with the help of them is called the production function. It specifies the maximum output that can be produced with a given quantity of inputs for a given level of engineering or technical knowledge. Let, a firm produced only one type of output with two inputs (L, K). Thus, the general equation of this simple production function is Q=f(k, L)---------(i) Eqn (i) reads: the quantities of output is a function of or depends on the quantities of labor and capital used in production.
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
What is output growth?
A growth in the total output produced.
What does marginal revenue products refers to?
The marginal product is the output produced by one more unit of a given input. Found at http://www.econmodel.com/classic/terms/marginal_product.htm
What Is Color Output?
Output is not a color. It is the amount of something that is produced by a person, machine, or industry.
The measure of the amount of output produced over a specific period of time?
productivity .
When the amount of output produced by a given amount of inputs increases the most likely result is?
overall productivity rises.
When amount of output produced by a given amount of input increase the most likely result is?
overall productivity rises.
Is moving average filter a linear system?
Yes, a certain amount of delay in the input would give rise to an output that equals to delaying the output signal by the same amount directly
What do you mean by production function?
The relationship between the amount of input required and the amount of output that can be produced with the help of them is called the production function. It specifies the maximum output that can be produced with a given quantity of inputs for a given level of engineering or technical knowledge. Let, a firm produced only one type of output with two inputs (L, K). Thus, the general equation of this simple production function is Q=f(k, L)---------(i) Eqn (i) reads: the quantities of output is a function of or depends on the quantities of labor and capital used in production.
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
What is output growth?
A growth in the total output produced.
What is the difference between output and out comes?
Output is what is produced. Outcomes are the result of the output
How much normal urine produce per day?
This depends primarily on the amount of water consumed throughout the day. However, for the average person, the amount of of urine produced by the human body ranges from about 1 to 2 liters per day.
What is the average volume a person urinates per day?
the average urine output per 24hours is 2000ml-2500ml. under certain circumstances, the amount of fluid you get should be the same as the amount that you expel.
What does marginal revenue products refers to?
The marginal product is the output produced by one more unit of a given input. Found at http://www.econmodel.com/classic/terms/marginal_product.htm
