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Q: What is price of inputs?
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Perfectly competitive firm in long run equilibrium?

what about them? profits are 0 price=marginal cost all costs are variable optimal allocation of inputs is where marginal rate of technical substitution is equal to the price ratio of the inputs.


Why are separate price and quantity variances computed?

Price and quantity variances are computed respectively because different managers are usually responsible for buying and for using inputs.


What are the inputs of TQM?

inputs of TQM


Define value added?

Added value is the difference between the selling price of a good or service and the cost of brought in materials or the value of inputs


How global macro economic factor influence demand and supply of agricultural inputs?

There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.


A reduction in an input price will cause a change in quantity supplied but not a change in supply?

When the price of one or more inputs rise, producing the good is less profitable, and firms supply less of it. If input prices rise substantially, a firm might shut down and supply no good at all. Thus, the supply of a good is negatively related to the price of the inputs used to make the good.(mankiw, Principles of Economics 4th Ed, page 74)


What are the determinant of supply?

The determinant of supply can be listed as follows: - goal of the firm - price of the goods - price of inputs - technology - price of related goods - expectation of producers - government policy


What is Composition of inputs at Starbucks?

what the composition of inputs for Starbucks


What are the determinants of performance?

Some of the determinants of export performance include international competition and the price of inputs. Weather and other disasters can also affect export performance.


What are Inputs that can be increased or decreased in the short run called?

variable inputs. On the other hand fixed inputs are long run.


What are the determinants of export performance?

Some of the determinants of export performance include international competition and the price of inputs. Weather and other disasters can also affect export performance.


Why are Price level adjustments required?

Changing Government fiscal policies Abuse of office (corruption) Inflation Varying cost of labour and other inputs Profit maximisation