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Which resource or factor of production is the only one that nations can significantly increase in the short-term?
Capital is the only resource or factor of production that nations can significantly increase in the short term.
What is a Substance that contains only one kind of matter?
A substance that contains only one type of element is referred to as 'intrinsic.' An example being 'Intrinsic Silicon,' used in the production of semi-conductors.
Would supply increase if there is an increase in input prices?
If the price of one of the for factor of production increase, it would DECREASE the supply since for the same amount of money, you can only produce less of the same good (because it costs more to produce one of it.)
Which one is NOT a Factor of Production?
Labor
What a substance called that only contains one kind of matter?
A substance that contains only one type of element is referred to as 'intrinsic.' An example being 'Intrinsic Silicon,' used in the production of semi-conductors.
What is the name of the law that states that as we shift factor of production from making one goods or service to another the cost of producing the second item increase?
the law of increasing costs
Law of diminshing return?
The law of diminshing return is an term used in economics. It refers to how the marginal production of a factor of production starts to progressively decrease as the factor is increased, in contrast to the increase that would otherwise be normally expected. For example if you have a factory with a certain amount of floor space and employing a certain amount of employees, the output of the factory will increase if you increase the size of the floor space and/or the number of employees, perhaps on a one-for-on basis. However, at some point that relationship stops and eventually the rate of production increase begins to decrease (diminish) as you increase one of the variables. If, for example, you double the floor space and the number of employees, you might double (increase by 100%) the output of the factory. If you double them again, the output may only increase by 75% instead of 100%.
What is production function with one variable input?
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
What is short run production function?
if at-least one factor of production is constant, production function is infact short-run production function
In the gravitational force formula if you double one of the masses and triple the second one the new force Becomes?
The force would increase by a factor of 6, because an increase in one mass by a factor of 2 and the other by a factor of 3 results in an overall increase of 2 x 3 = 6 in the force.
What is the one factor that will increase eagle population in a food chain?
increase in the population of snakes and lizards
What is one factor that stimulates the brainstem to increase the breathing rate?
When carbon dioxide levels increase.
