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Q: What factors influence the choice of these method of production?
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What factors influence the types of production a business should use?

the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.


Why is economics sometimes called the science of choice?

its because of lionel robbins definition of economics its called a science of choice. understanding the fact-resources are scarce and demand for goods is unlimited. for resource allocation we need to choose, for the method of production we need to choose, for distribution of finished goods we need to choose, thus right from the start economics is a science that helps us to make the more practical choice.


What is lactulose source or method of production?

lactulose is manufactured by enzymatic isomerization of lactose.


How do you increase crop production on the same piece of land?

there are two different ways -multiple cropping method and modern farming method


What is an engineering cost curve and what is the relevance of an engineering cost curve in economics?

The engineering cost curve are derived with the help of engineering production function . The productionfunction specified the techniques of production, the embodiment of labor and capital etc. It means that each production method is divided into sub activities corresponding to the various physical and technical phases of production for the particular commodity. Engineering production method/function are characterised by a limited number of methods of production. The production iso-quants are kinked reflecting that the factor subsititutablity is limited. It means that the factor of production can be substituted is only possible at kinked of iso-quants.

Related questions

What factors influence the choice of market entry method?

what factors influence the choice of market entry method?


What factors influence the types of production a business should use?

the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.


What models are factors of production used to construct?

models purporting to explain growth, value, choice of production method, income distribution, and social classes.


What are the factors that determine the teachers choice of method?

check your answe


What factors must be considered before a scientists method can be mass-produced by an auto maker?

environmental impact, energy production costs, AND benefits of the new production method


When it comes to drivng under the influence the best method of making choices is to?

Driving under influence of alcohol is not acceptable. This can lead to accident. The best choice is to stop and call for help.


What are the factors that determine the teacher's choice of method?

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What is the best method for making choices When it comes to driving under the influence?

If you have been drinking, don't drive. Easiest choice ever.


Which research method is most suitable for studying factors that influence behavioral change over time?

A longitudinal study would be most suitable for studying factors that influence behavioral change over time. This research method involves collecting data from the same individuals at multiple points in time, allowing researchers to track changes in behavior over an extended period and assess the influence of various factors on those changes.


What is the choice of feed method determined by?

The choice of feed method is determined by factors such as the type of animal being fed, the nutritional requirements of the animal, the feeding schedule, the availability of feed resources, and the management practices of the farm or facility. These factors help determine whether a specific feeding method, such as free-choice feeding or time-restricted feeding, is most appropriate for the animals.


How would a cost benefit analysis influence the choice of method to promote one product within your organisation?

With the help of cost-benefit analysis, an organization can decide what product will sell the most. This will also influence the advertising method used to promote a certain product.


What was the Production Budget for A Dangerous Method?

The Production Budget for A Dangerous Method was $20,000,000.