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How can one determine the marginal product of labor in a production process?
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.
What is the role of the price system?
In economics, a price system determines the allocation of scarce resources and induces supply to respond to change in demand. It also rations out scarce product, indicates change in want, is in use in the production of goods and services, and determines the reward factors of production.
What are the functions of price system?
1 It determines the allocation of scarce resources 2 It induce supply to respond to change in demand 3 It ration out scarce product 4 It indicate change in want 5 It is in use in the production of good and service 6 It determines the reward factors of production
How can one determine the marginal cost of a product or service?
To determine the marginal cost of a product or service, you can calculate the change in total cost when producing one additional unit. This can be done by dividing the change in total cost by the change in quantity produced. The marginal cost helps businesses make decisions about pricing and production levels.
A change is the money supply will change investment when?
Monetary policy will never be effective if interest rates: not respond to a change in the money supply, and investment spending does not respond to changes in the interest rate.
How does a system respond to change once it has reached equilibrium?
At equilibrium its not changing (any more).
How can one determine the marginal product of labor in a production process?
To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.
What does changing scene mean in thertre?
'changing scene' means in theatre to change the background or sets from one part of the show to another. basically you change the sets from scene to scene if necessary in the theatre production
Is color changing in leaves a chemical change or a physical change?
Color changing in leaves is a chemical change. It involves the breakdown of chlorophyll and the production of other pigments due to chemical processes triggered by factors like temperature and daylight changes. This results in the visible color change in the leaves.
Changing form without a change in chemical properties?
This would be defined as a physical change. In chemistry, this would be defined as anything from a change in mass or volume to a change in state (solid, liquid, gas). As long as the substance does not change in molecular structure, it is mostly a physical change. Common indicators of a chemical change is change in color, production of light, production of extensive heat, production of uncommon smells, or even bubbling.
Why don't bacteria respond to change of surrounding?
Wrong, bacteria do respond to change of surrounding.
What is the role of the price system?
In economics, a price system determines the allocation of scarce resources and induces supply to respond to change in demand. It also rations out scarce product, indicates change in want, is in use in the production of goods and services, and determines the reward factors of production.
What are the functions of price system?
1 It determines the allocation of scarce resources 2 It induce supply to respond to change in demand 3 It ration out scarce product 4 It indicate change in want 5 It is in use in the production of good and service 6 It determines the reward factors of production
Is changing shirts a physical change?
Changing shirts is a physical change.
Why variable cost is that it ignore the increasing importance of fixed cost in modern manufacturing?
variable cost ignore the increasing importance of fixed cost in order to determine thecost of production.on computing the cost of production we basing on variable cost because variable cost change as productivity change that we eliminate the fixed cost to determine cost of production.
Can I change my 6 months old Arabian mare name And will she respond to it?
Yes it will you can change the name as much as you want and it will respond
What things able to respond to change?
Just about everything is able to respond to change. Living things respond to various stimuli. Inorganic matter, such as rock, responds to environmental change. Only living thing will make some kind of decision to change.
