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Who operates and monitors the machinery that is used to produce biotech products?

Updated: 4/28/2022

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Process technicians

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Discuss Production function with two variable inputs?

Long Run Production With Variable Inputs:The long run is the lengthy period of time during with all inputs can be varied. There are no fixed output in the long run. All factors of production are variable inputs.We now analyze production function by allowing two factors say labor and capital to very while all others are held constant. With both factors are variable, a firm can produce a given level of output by using more labor and less capital or a greater amount of capital and less labor or moderate amounts of both. A firm continues to substitute one input for another while continuing to produce the same level of output.If two inputs say labor and capital are allowed to vary, the resulting production function can be illustrated in the figure 12(a).Diagram/Figure:In this figure each curve (called an isoquant) represents a different level of output. The curves which lie higher and to the right represent greater output levels than curves which are lower and to the left.For example, point D represents a higher output level of 250 units than point A or B which shows output level of 150 units.The curve isoquant which represents 150 units of output illustrate that the same level of output (150 units) can be produced with different combinations of labor and capital. Combination of labor and capital represented by A, can employ OL1 quantity of labor and OC1 units of capital to produce 150 units of output.The combination of labor and capital represented by point B will use only OL2 units of labor and OC1 of capital to produce the same level of output. Thus, if a country has surplus labor and less capital, it may use the combination of labor and capital represented by point A. In case the country has abundant capital and less labor, it might produce at point B. The isoquants through points A and B shows all the different combinations of labor and capita that can be used to produce 150 units of output.By ArkaBrata Bandyapadhyay,B.Sc Biotech, MBA.aki-d-biotechnologist-mba@hotmail.com also available in FB as "Aki D Amorous"

Related questions

What operates and monitors the machinery that is used to produce biotech products?

Process technician

What biotech products were already being used by our Filipino ancestors when the Spaniards came in the 16th century?

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When was Ganeden Biotech created?

Ganeden Biotech was created in 1997.

When was British Biotech created?

British Biotech was created in 1986.

When was Braasch Biotech created?

Braasch Biotech was created in 2008.

What is the population of British Biotech?

British Biotech's population is 500.

When was Janssen Biotech created?

Janssen Biotech was created in 1979.

When was Axial Biotech created?

Axial Biotech was created in 2003.

When was Oncolytics Biotech created?

Oncolytics Biotech was created in 1998.

Biotech Jobs?

Biotech traces its roots to agriculture in selectively planting seeds to create improved crops. The field of biotechnology has expanded exponentially with jobs being created every day. With a career in biotechnology, you may find yourself developing new strains of plant species to enhance food products, or produce new drugs for the treatment of disease. Other biotech jobs include research, lab work or the design of applications in the environmental and veterinary field. Think of biotech jobs as birds of a feather. Biotech companies tend to position themselves near colleges and universities to recruit new graduates with fresh talent. Boston and the San Francisco Bay areas serve as popular spots for biotech companies. Biotechnology companies vary in size and scope. Small biotech companies excel in research and development, while large corporations concentrate on the production and delivery of commercial products.

What is Tiens Biotech Group's population?

The population of Tiens Biotech Group is 1,549.

When was Phalanx Biotech Group created?

Phalanx Biotech Group was created in 2003.

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