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How does a longrun production function differ from a shortrun production function?
üProduction function shows technological relationship between quantity of output and quantity of various inputs used in production. üProduction function in economic sense states the maximum output that can be produced during a period with certain quantity of various inputs in the existing state of technology. üIt is the tool of analysis which is used to explain input - output relationships. üIn general it tells that production of a commodity depends on specified inputs. ü ü
Cost output relationship in short run?
cost output relationship
What is the relationship between total fixed cost and output?
What is the relation ship between total fixed cost and output?
What is Physical relationship between input and output called?
is unknown
What is returns to scale in economics?
Returns to scale refer to a special relationship between output and input. During production, this relationship refers to the connection between the changes that occur with the output and those that began in the input.
How does a longrun production function differ from a shortrun production function?
üProduction function shows technological relationship between quantity of output and quantity of various inputs used in production. üProduction function in economic sense states the maximum output that can be produced during a period with certain quantity of various inputs in the existing state of technology. üIt is the tool of analysis which is used to explain input - output relationships. üIn general it tells that production of a commodity depends on specified inputs. ü ü
Cost output relationship in short run?
cost output relationship
What relationship between input and output?
There need not be any relationship.
What is an input-output relationship that has exactly one output for each input?
function
What is the relationship between an input and output called?
A function.
How do you calculate the constant of proportionality?
The constant of proportionality can be calculated by dividing the output variable by the input variable in a proportional relationship. It represents the ratio between the input and output quantities in the relationship. This constant remains the same throughout the relationship.
What is the relationship between total fixed cost and output?
What is the relation ship between total fixed cost and output?
What is Physical relationship between input and output called?
is unknown
A rule that establishes a relationship between input and output?
Relation
What shows the relationship between input and output documents?
Design
What production function explain relationship between?
output and exports
Which shows relationship between work input and work output?
The relationship between work input and work output is defined by the efficiency of a system. Efficiency is a measure of how well a system converts input work into output work and is calculated as the ratio of output work to input work. A higher efficiency indicates a more effective conversion of work input to work output.
