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velayudhan & Company (VACO) buys the following items for use in production. Items Price Per Unit (Rs.)Weekly Usage ( Units) Bushings160 20 Spl.Gaskets50 30 Rings 20 180 Seals 250 20 Pins 10 75 Each of the item is bought from a different supplier. The purchase office can place only 10 orders per week. How should VACO order the different items if the total average stock value ( in Rs.) is to be kept low as possible?
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What are the source of return to scale?
waht are the source of return to scale
What is the difference between law of return to variable proportion and law or return to scale?
There is a big difference between both the laws.The basi difference between them is that i dont know 1st but i know the 2nd one
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
How do you explain the law of variable proportion?
Explain the Law of Variable Propotion
What are the source of return to scale?
waht are the source of return to scale
What is the difference between law of return to variable proportion and law or return to scale?
There is a big difference between both the laws.The basi difference between them is that i dont know 1st but i know the 2nd one
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
How do you explain the law of variable proportion?
Explain the Law of Variable Propotion
Why is lac curve u-shaped?
LAC is u shaped due to the law of return to scale. In the long run the law of returns to scale operates. i.e. in the beginning, with the increase in variable and factors factors of production, the returns to scale comes in the rate of increasing.that means with the increase in factors of production, the specialization of factors of production becomes possible resulting higher productivity.
Why LAC is U shaped?
LAC is u shaped due to the law of return to scale. In the long run the law of returns to scale operates. i.e. in the beginning, with the increase in variable and factors factors of production, the returns to scale comes in the rate of increasing.that means with the increase in factors of production, the specialization of factors of production becomes possible resulting higher productivity.
Photo scale and photo scale?
Could you explain the question better, not clear what it is asking
What is the law of returns to scale?
THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied
Explain why the Kelvin Scale is very convenient to use in scientific calculations?
The Kelvin Scale is based on absolute zero which means it will never go negative. For example, in the ideal gas law, finding the pressure using Celsius(with a temp -12C) the pressure can be -23atm which is impossible.
The Law of Return brought an increase in Israel's?
The Law of Return allowed for an increase in Israel's Jewish population.
