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What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
What are factors of production name any four factors of production.?
Factors of production
What are the factors that affect elasticity of spring?
bodoh,sial,sengal
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
Why isoquants convex?
diminshing marginal rate of substitution between factors
What is marginal revenue of technical substitution?
The marginal rate of technical substitution refers to the rate at which one input can be substituted for another input without changing the level of output. It can also be defined as the more complete name for the marginal rate of substitution between factors in a production function, sometimes used to distinguish it from the analogous concept in a utility function.
Importance of price elasticity of supply?
There are four main factors that influence supply elasticity. Those factors are the ability to produce other goods; the ability to shut down and cease business; the ability to take advantage of alternative resources; and the amount of time it takes to respond to changes in price.
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
How many factors of elasticity are there?
12
What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
What are factors of production name any four factors of production.?
Factors of production
What factors affect elastic of demand?
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
Why a production possibility is concave?
A production possibility curve is concave because of the law of diminishing returns. As more resources are allocated to one good over the other, the opportunity cost increases, which leads to decreasing marginal rates of substitution. This results in a concave curve that shows the trade-off between producing different goods.
What are the 2 factors that determine the natural frequency of an object?
Factors: elasticity and shape of the object
What are the factors that affect elasticity of spring?
bodoh,sial,sengal
Why does aging tissues lose elasticity?
Aging tissues lose elasticity due to a decrease in production of collagen and elastin, which are proteins responsible for maintaining tissue structure and flexibility. Additionally, cumulative damage from factors like sun exposure, pollution, and lifestyle choices can contribute to the breakdown of these proteins over time. As a result, tissues become less firm and resilient, leading to a loss of elasticity.
