The decreasing returns to scale graph shows that as more input is added to a production process, the rate of increase in output decreases. This means that there is a point where adding more input does not result in proportional increases in output, indicating inefficiency in the production process.
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.
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.
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.
Factor
The decreasing returns to scale graph shows that as more input is added to a production process, the rate of increase in output decreases. This means that there is a point where adding more input does not result in proportional increases in output, indicating inefficiency in the production process.
The result of a computer's processing is known as "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 resulting rate of change in a firms output as a result of employing one extra unit of a factor of production for example labour.
Output is what is produced. Outcomes are the result of the output
output
because they know what is there specific work and they will do work faster..........Taimoor Ahmed Khan The City School BWP
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.
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.
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.
output
When output is less than the efficient level, the amount consumers are willing to pay equals the cost of production. the cost of production is greater than the price consumers are willing to pay. the marginal cost of producing the good must be greater than the marginal benefit from the good.