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What is production function with one variable input?
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
What is meant by realize experience curve?
An experience curve is a graph that shows the relationship between cumulative production quantity and the production cost. It takes into account both variable and fixed costs.
At zero production what are variable costs?
At zero production variable cost will be zero because variable cost is the cost occured for producing a product but their will be some fixed cost.
What is output variable?
When you call a function, its parameters may transfer data to the function, back from the function, or both directions. The second sort of them is called as output variable.
Is maintenance on production equipment a fixed variable or mixed cost?
fixed and variable
What is production function with one variable input?
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
What is the function definition?
function is the relationship between independent variable & dependent variable i.e. F:R-R
Describe how you can tell by looking at the graph of a function with variable is the input variable and which is the output variable?
You cannot.
What is a value that is substituted for the independent variable in a relationship or function?
It is called the argument of the function.
What is the definition of functional?
function is the relationship between independent variable & dependent variable i.e. F:R-R
What shows the relationship between two variables?
A function expresses the relationship between two or more variables. A function can be expressed as a mathematical equation or as a graph. In general, a function expresses a the effect an independent variable has on the dependent variable..For example, in the classic linear function:y = mx + bx and y are the variables (m is said to be the slope, and b is the constant). This function expresses the mathematical relationship between the variables x and y. In this function, x is said to be the independent variable, and the function destines the y variable to be dependent upon the value of x.
What is the scientific definition of function?
In scientific terms, a function is a relationship or mapping between input values (independent variable) and output values (dependent variable), where each input value is uniquely associated with one output value. Functions are fundamental in mathematics and are used to describe how one quantity depends on another.
The function N gives a relationship between the variables Player and Points?
"Player" is the independent variable, and "Points" is the dependent variable.
What is a nonlinear relationship?
In mathematics, when the dependent variable is not proportional to the independent variable. The function does not vary directly with the input. Example: y=sin (x).
When a firm's only variable input is labor then what does the slope of the production function measures?
marginal product of labor
What is a non linear relationship?
In mathematics, when the dependent variable is not proportional to the independent variable. The function does not vary directly with the input. Example: y=sin (x).
What is Non linear relationship?
In mathematics, when the dependent variable is not proportional to the independent variable. The function does not vary directly with the input. Example: y=sin (x).
