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The Fixed Proportion Production Function, also known as a Leontief Production Function implies that fixed factors of production such as land, labor, raw materials are used to produce a fixed quantity of an output and these production factors cannot be substituted for the other factors.
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What is the difference between variable proportions and returns to scale?
what is relationship between change in input and output. In the return's to scale (long term concept) all the factor are variable but in the variable proportions are some factor variable and some factors are fixed.
Write four assumptions for your PPC model in economics?
Resources are fixed, All resources are fully employed, Technology is fixed & Only two things can be produced.
Can you operate at a point outside the production possibility frontier?
No. It either cannot be maintained for long or it is impossible because the production possibility curve (PPC) shows the available areas of operation to a firm or economy to operate within the frontier, due to a fixed and scarce amount of resources and technology. Therefore, it is impossible, because of fixed levels of technology and resources, for the firm or economy to operate outside the PPC.~MB
Difference between running a firm in a short run and in a long run?
The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
Example of the law of diminishing marginal productivity?
The law of diminishing marginal product states that as a firm uses more of a variable resource with a fixed resource and fixed technology, the marginal product of the variable resource will fall. From related site.
Are the proportions of a compound fixed or not fixed?
Fixed.
Are the proportions of a mixture fixed?
No.
What is composed of atoms in a fixed proportions?
Molecule.
Composed of atoms in fixed proportions?
compounds
What are composed of atoms in fixed proportions?
elements
Dalton's fourth postulate states that atoms combine?
A. In fixed proportions its really the only one that makes sence, You shouldn't need to look this one up. :)
What does daltons fourth postulate state?
Answer: in fixed proportions
What are made from two or more elements in fixed proportions?
COMPOUNDS.
What is fixed composition?
Today the laws of definite proportions and multiple proportions, applied to chemical compounds, are considered as not genarally valid.Many mixtures (not all !) have a fixed composition depending on the specific application and recipe.
Are the proportions of a mixture fixed or not fixed?
I have been googling this sane question for the past 2 hours and there is no solution. Screw You!
A substance in which two or more elements are combined in fixed proportions?
a chemical change
When a substance which contains various elements or compounds without bonding or in fixed proportions is?
mixture
