Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed proportions of the ingredients, following a definite procedure. Indeed, baking a cake is production in economic terms. The set of all feasible combinations of factors of production and output levels produced by them is known as the production set.
• Short Run Production Process,
• Law of Diminishing Marginal Product: This law states that given the fixed factor of production, as the amount of the variable factor is increased, a certain stage is reached beyond which the MP declines. That is, the output produced increases but at a diminishing rate. On further increasing the variable factor, the output produced starts declining.
• Long Run Production Process: The first graph depicts the long run scenario when it is possible to vary all the inputs. The red lines represent the output produced and are called isoquants. Isoquants are the locus if the feasible combinations of inputs that produce a given amount of output.
what is demand forecasting and defines its techniques
what are the criticisms of modern theory of rent?
#quesExamine the expenditure trends over the last 40 years. What are the direction and magnitude of changes in spending in and between these various categories (with the exception
Real Interest Rate: Interest rate on a loan, adjusted for rate of inflation. Real interest rate represents real burden of an interest payment. Real interest rates should be positiv
Financial relationship with the IMF: IMF provides temporary assistance to member countries to tide over BOP deficits. When a country requires foreign exchange, its tenders its
the demand and supply functions for goods are given by demand:Pd=50-3Qds and supply:Ps=14=1.5Qs. where p is the price of a pair of jeans, Q is the number of pairs of jeans a) calc
how does utility figure in the analysis of consumer demand
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
what is the value in 10 years of 1 million dollars if interes rates are 4%?
Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd