Measurement of inputs and outputs in production technology, Microeconomics

Assignment Help:

Illustrate the measurement of inputs and outputs in production technology?

Measurement of Inputs and Outputs in Production Technology

This is generally most satisfactory to think of the inputs and outputs as being measured into terms of flows as: a specific amount of inputs per the period are utilized to produce a specific amount of outputs per unit the period at certain location. This is a good idea to explicitly comprise the time and location dimensions in a requirement of inputs and outputs. The level of detail which use into specifying inputs and outputs will depend onto the problem at hand, although remain aware of the actuality that an exact input or output good can be specified into arbitrarily fine detail. Nonetheless, when discussing technological choices in the abstract, this is common to omit the time and location dimensions.


Related Discussions:- Measurement of inputs and outputs in production technology

Explain why goods provided by natural monopolies, Explain why goods provide...

Explain why goods provided by natural monopolies are often publicly owned. It would seem that most normal monopolies come with high MSB and also that society has deemed these g

Discuss about modern economic growth, Discuss about Modern economic growth ...

Discuss about Modern economic growth Modern economic growth is also a shift in the kinds of things we do at work and play and in the way we live. Back in immediate aftermath of

Describe the lucas supply function, Problem 1 : (a) What are the main a...

Problem 1 : (a) What are the main assumptions behind the macroeconomic theory of New Classical Economists? (b) Describe the Lucas Supply function and explain its policy imp

Allocation of a countrys resources to the price mechanism, What are the adv...

What are the advantages of leaving the allocation of a countrys resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or pr

.marketing structures, discuss the implications of various market structure...

discuss the implications of various market structures(competitive and non-competitive)for price determination

Monopoly help, Monopoly and Oligopoly help?!? 1. Your firm sells a perfume....

Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $

Corporatism, Corporatism: A system for managing income distribution andwage...

Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd