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Q: How are product variety and production quantity related?
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Continue Learning about Economics

What are the advantages and disadvatages of a economist?

An economic environment can often have a competitive nature, which can be both an advantage and disadvantage. For trading nations, there are also trade limitations on a solely economic environment.


What is the surplus level of production?

Developed countries have a wide variety of resources and exploit these to the fullest. Advanced technology allow full use of resources. These countries reach a level of production which satisfies their domestic consumption and a surplus to be exported to other countries.


Who determines forex rate?

Forex rates are determined by a variety of factors. See related links for more information about this.


Is the political system in which the government peacefully takes control of production while the citizens retain partial control over economic planning?

democratic system


How does learning curve differ from experience curve?

Learning Curve Learning Curve measures the relation between increases in per worker productivity (leading to decrease in per unit labor cost at fixed prices) associated with an improvement in labor skills from on the job experience. In other words, Learning Effect leads to fall in the cost of production per unit because with the increased involvement in the production process Labor and Managers become more and more familiar with the production process. This leads to improvement in their efficiency level. So it is involved with one input-labor Experience Curve Production phenomenon where unit costs decline as volume increases. This result from a wide variety of factors including lower fixed costs per unit, an increase in skills associated with quantity production, and generally lower material costs. This is involved all the inputs. Actually Learning curve impact is also part of Experience Curve. So in simple, Learning curve is a Narrow concept while Experience curve is a broader concept

Related questions

Is mnms a famous product?

The candy M&Ms are a famous product that are consumed by a variety of individuals throughout the world. M&Ms have been in production in the United States since the year 1941.


Does the variety of cattle affect the final product?

No cattle variety does not affect the final product which is beef. The cattle must however be in good condition.


What is iSCSI Target software used for?

This software is used specifically for a wide variety of storage-related tasks. One can find more information about this product from the official Microsoft website.


Describe the product mix concept?

product mix consist of product variety, size, packeging, labelling etc.


What is the average annual production of European variety of honeybee colony?

10 Kg


Can Chex Cereal Coupons be used for any variety of chex?

Your Chex Cereal coupons should explicitly state which product types and flavors they can be used with. Some coupons also have quantity and size restrictions. Most coupons also have expiration dates so check that as well.


How is the variety for Kids products on jabong.com?

Yes they have good quality product... :)


What are the advantages and disadvatages of a economist?

An economic environment can often have a competitive nature, which can be both an advantage and disadvantage. For trading nations, there are also trade limitations on a solely economic environment.


What is Michigan chief export product?

Michigan is a leading producer and exporter of a variety of local fruit such as cherries and blueberries. However, some economists also claim automotive-related products to be Michigan's chief export.


How big is the average production company?

Production companies oversee many events, including concerts, sports events, and movies. They employe a wide variety of skilled and professional labour, usually under the direction of a management company. The average production company will include hundreds of people working in a variety of fields.


What is an amastigogenesis?

An amastigogenesis is the production of amastigotes - any variety of cell without flagella or cilia.


What are the uses of search engines?

•The indexes of search engines are usually vast. •It representing only significant portions of the internet. •It offering a wide variety and quantity of information resources.