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if at-least one factor of production is constant, production function is infact short-run production function
production function is relation between firm's production and material factors of production
Y/l = a f(1,k/l,h/l,n/l)
feedback inhibition
s shift in production function
Marlen F. Miller has written: 'The constant elasticity of substitution production function and its application in research' -- subject(s): Production functions (Economic theory)
if at-least one factor of production is constant, production function is infact short-run production function
The marginal rate of technical substitution refers to the rate at which one input can be substituted for another input without changing the level of output. It can also be defined as the more complete name for the marginal rate of substitution between factors in a production function, sometimes used to distinguish it from the analogous concept in a utility function.
The value that results from the substitution of a given input into an expression or function is the output. The value substituted into an expression or function is an input.
The loss of elasticity has a huge impact on the function of the lungs. If lungs cannot expand they cannot take in and expel air efficiently.
production function is relation between firm's production and material factors of production
No. Only a linear function has a constant rate of change.No. Only a linear function has a constant rate of change.No. Only a linear function has a constant rate of change.No. Only a linear function has a constant rate of change.
An output
what is mcdonalds production function
In cheese production,if milk is of poor quality,it results in soft coagulum. so calcium chloride is added to achieve constant coagulation time and sufficient firmness..
Y/l = a f(1,k/l,h/l,n/l)
feedback inhibition