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What else can I help you with?
What the axes of the production possibility frontier measure?
quantities of productive inputs
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
What is one productive resource that all people own regardless of their wealth?
One productive resource that all people own regardless of their wealth is time. Everyone has been given time in equal measure.
What are the quanties of measurements and it desired units?
what measure quanties of water to make soap
What the axes of the production possibility frontier measure?
quantities of productive inputs
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
What is a product function?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
What is productive function?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Why rms value is used to measure all the quanties?
Most of the quantities in electrical system are varying in nature.RMS can mainly measure the magnitude of the quantities that are varying in nature. Mathematically speaking it can be calculated for a series of discrete values or for a continuously varying function.
Assembly Line operation ratio?
The assembly line operation ratio is a measure used to evaluate the efficiency of an assembly line in manufacturing processes. It is calculated by comparing the time spent on productive work to the total time available for production, often expressed as a percentage. A higher ratio indicates a more efficient operation, where less time is wasted on non-productive activities. Improving this ratio can lead to increased output and reduced costs in production.
Is having the same measure?
congruent, equivalent, identical, equal are some possibilities.
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
How do you measure the levels of production in a business?
The best way to measure the levels of production in business is to establish benchmarks and then measure productivity over time. You can choose to measure productivity every three months.
What is one productive resource that all people own regardless of their wealth?
One productive resource that all people own regardless of their wealth is time. Everyone has been given time in equal measure.
