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What result does unnecessary inspections have on production output?
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What is the marginal physical product?
The resulting rate of change in a firms output as a result of employing one extra unit of a factor of production for example labour.
What is output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
Define the Law of Diminishing Returns?
the characteristic of any production system in which increases in variable inputs result in increasing reduction of total output. An indicator of when to stop making additional inputs to the system, when the input exceeds the additional output.
Something that actively contributes to the production of a result?
Factor
What was most directly a result of excess of crop production'?
Investment.Apex.
What is the difference between outcome and output?
An output involves a process as in production. It could be in the form of a good or service. On the other hand, an outcome is the result or payoff from the the course of action taken by an individual or player based on his decisions.Output (one word) is the quantity of stuff that is produced. The outcome is the result of an action. So, the output of the factory is 20 cars an hour, but the outcome of replacing the manager is that the output rises to 25 per hour.
The result of the computer processing your input is referred to as?
The result of a computer's processing is known as "output."
What is the marginal physical product?
The resulting rate of change in a firms output as a result of employing one extra unit of a factor of production for example labour.
What is the difference between output and out comes?
Output is what is produced. Outcomes are the result of the output
What is The finished product or waste that forms as a result or process is known as?
output
Why does division of labor often result in increased production output?
because they know what is there specific work and they will do work faster..........Taimoor Ahmed Khan The City School BWP
What is output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
How does wage level effect the morale of the employee?
The wage level affects the morale of the employee directly. When the wage level is acceptable the morale will be high and this will result into more production output.
What is an output versus inputs in economics?
Inputs are factors of production (land, labour, capital and entreprenuership) and output is the final good or service produced using the factors of production through a production process. Adding on, if per say you have 40 acres of land, you want to build on the acres, the input into that will take time and so will the output for the result. Another is say your are doing research where the person your doing research for has like 20,000 articles to input into .pdf format, this will take time and money also.
How to differ from production and productivity?
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
What is The result of a system doing work?
output
What refers to the result of the computers processing?
The result of a computer's processing is known as "output."
