To maximise profits, the quantity of output reached (supply) must be lesser than the demand, increasing the value and consequently the price of a certain good or service.
How would you describe the quantity and quality of output generated by the former employee
The abbreviation for total product, which is the total quantity of output produced by a firm for a given quantity of inputs.
The equilibrium wage falls and the equilibrium quantity of labor rises
when the production process requires the use of indivisible input, the average cost of production increases as output decreases. This is because the cost of the indivisible input will be be spread over a smaller quantity output. so to gain maximum returns,the output quantity must be regulated such that the quantity of indivisible input will more or less all be used up to manufacture that amount of output. cheers, mishaal
There is no surplus or shortage
The answer is the quantity of the two numbers
productivity=output quantity/input quantity
How would you describe the quantity and quality of output generated by the former employee
The quantity of output refers to the total amount of goods or services produced by a business during a given time period. It is often measured in units such as products, widgets, or services completed. Increasing the quantity of output generally leads to higher revenue and profitability for a business.
Quantity of work output refers to the amount of work or tasks completed within a specific time period. It is a measure of productivity and efficiency in terms of how much output is generated from the input of resources such as time, labor, and materials. Increased quantity of work output often indicates higher levels of performance and effectiveness.
Productivity can be defined as the ratio of financial output in a particular interval of time to the financial input in the same time interval.Total productivity = Output quantity / Input quantity
Real output represents quantity, not the actual value of the dollar, and of goods and services made.
The abbreviation for total product, which is the total quantity of output produced by a firm for a given quantity of inputs.
The equilibrium wage falls and the equilibrium quantity of labor rises
Efficiency is a quantity usually expressed as a percentage that measures the ratio of work output to work input. It shows how much of the work input is successfully converted into useful work output.
when the production process requires the use of indivisible input, the average cost of production increases as output decreases. This is because the cost of the indivisible input will be be spread over a smaller quantity output. so to gain maximum returns,the output quantity must be regulated such that the quantity of indivisible input will more or less all be used up to manufacture that amount of output. cheers, mishaal
There is no surplus or shortage