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What do you mean by production function?
The relationship between the amount of input required and the amount of output that can be produced with the help of them is called the production function. It specifies the maximum output that can be produced with a given quantity of inputs for a given level of engineering or technical knowledge. Let, a firm produced only one type of output with two inputs (L, K). Thus, the general equation of this simple production function is Q=f(k, L)---------(i) Eqn (i) reads: the quantities of output is a function of or depends on the quantities of labor and capital used in production.
What is the difference between a production function and an isoquant?
A Production function tells you how much output you can produce for every combination of inputs.An Isoquant is a curve that shows all possible combinations of input that yield the same output Example of production function:(Q = output L= Labor K = Capital)Q = K + 5Lfor the isoquant for example, using the production function above, we want to find which levels of input would yield Q = 2020 = K + 5Lif K = 5, then L = 3 and if K = 10, then L = 2, your output would still be the same and that's your isoquant.But for your production function your output can have different values so you'd have multiple isoquant curves and multiple isoquant curves already describe an isoquant map (Isoquant map - shows a number of isoquant curves in a single graph, describing a production function)Hope my explanation wasn't too confusing...
What is an input in economics?
An input is what the firm uses in order to produce a final good. So it can be material, like glass to make light bulbs, but more often these are generally looked at as intermediate goods. A true input is usually capital (K) or Labor (L) used to produce a quantity (Q) of a good. so a simple production function can look like this Q=K+L meaning that if you had 3 units of K and 5 units of L you would have 8 units to sell. This type of production function where K and L are added is indicative of inputs being perfect substitutes.
What equation is used to determine total cost?
The equation used to determine total cost is as follows: Total Cost = Fixed Cost + (Average Variable Cost) x Output. The equation to find total cost of a number ("q') of units is: C(q)= 100 + 2q.
What does q stand for in economics?
the q stands for output
What was the Production Budget for Q?
The Production Budget for Q was $1,200,000.
What is the reciprocal of the power factor?
impedance/resistance
What was the Production Budget for John Q?
The Production Budget for John Q was $36,000,000.
What is a scientific word for q?
Q is often used to connote "electric charge".The Q factor of tuned circuits is a measure of "quality factor". It is a measure of how well the tuned circuit selects wanted frequencies and rejects the unwanted.
What is Q factor of a coil?
The Q factor of a coil, sometimes called the unloaded Q factor, is the ratio of the energy stored in the coil to the energy dissipated in the resistance of the wire.
What is q factor in rlc series circuit?
In a RLC series circuit the Q factor magnify the voltage to the circuit.
Q factor of low pass filter?
The Q factor is describing how sharp the dropoff of the filter is relative to the pass band. Wikipedia has a decent writeup on Q factor. The more components you use to make the filter, and the lower the cutoff frequency, the higher the Q will be.
Is Q factor ratio of energy stored to energy dissipated?
yes ,Q factor is ratio of energy stored to energy dissipated
What is the q factor related to restaurants?
There are 2 parts to the Q factor. The first is for entrees only and the second part is for vegetables and starches. When referring to entrees only the Q factor is not a percent it is a $ and/or cent figure. When referring to vegetables and starches the Q factor is the highest cost factor of 1 portion of vegetables AND starches.
How do you make a factor tree with the number 12q q equals a prime number?
12q 12,q 6,2,q 3,2,2,q
What is the Q factor in electrical and electronics engineering?
Q is the general idea of component quality, mainly in AC circuits. It is equal to reactance divided by resistance. The Q factor of an entire circuit can also be computed the same way. In general, adding resistance decreases the circuit or component Q. The "Q" factor is a empirical number to imply the acuteness of a circuit to discriminate surrounding influences and act on the Q of the circuit. The higher the Q THE SHARPER THE RESPONSE.
How you solve 12q stands for a prime number and make a factor tree?
12q 12,q 6,2,q 3,2,2,q
