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How do you derive a cost function for a production function?
derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.
What is the managerial use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
What philosophy in situations is when the product's cost is too high and marketers look for ways to improve production?
Price Optimization
When demand for a factor of production depends on the demand for the product produced?
Input determines the quantity of output Ex. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called a production function. All factors of production like land, labor, capital and technology are required in combination at a time to produce a commodity. In economics, production means creation or an addition of utility. Factors of production (or productive 'inputs' or 'resources') are any commodities or services used to produce goods or services
Relates output changes to differences in a single input?
production function
What is Production optimization?
production optimization is increasing the quality&quantity of products
Transformation of input into output is performed by?
Production department is transform input into output.
How do you calculate production yields?
Total yield in a unit in a unit input. Graphically the production yield can be plotted against the unit input to determine the production yield at any point.
What has the author Lucas Pun written?
Lucas Pun has written: 'Abriss der Optimierungspraxis' 'Introduction to optimization practice' -- subject(s): Mathematical optimization 'Integrated discrete production control' -- subject(s): Intelligent control systems, Production control
How do you derive a cost function for a production function?
derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.
The production output in relation to a unit of input?
Productivity
What is a input economy?
An economy that speciallizes in the production of inputs
What is the use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
What has the author Robert F Rhyder written?
Robert F. Rhyder has written: 'Manufacturing process design and optimization' -- subject(s): Production engineering, Manufacturing processes, Multidisciplinary design optimization
What is the managerial use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
What philosophy in situations is when the product's cost is too high and marketers look for ways to improve production?
Price Optimization
When demand for a factor of production depends on the demand for the product produced?
Input determines the quantity of output Ex. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called a production function. All factors of production like land, labor, capital and technology are required in combination at a time to produce a commodity. In economics, production means creation or an addition of utility. Factors of production (or productive 'inputs' or 'resources') are any commodities or services used to produce goods or services
