Measurement of inputs and outputs in production technology, Microeconomics

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.

Posted Date: 9/9/2013 3:15:20 AM | Location : United States







Related Discussions:- Measurement of inputs and outputs in production technology, Assignment Help, Ask Question on Measurement of inputs and outputs in production technology, Get Answer, Expert's Help, Measurement of inputs and outputs in production technology Discussions

Write discussion on Measurement of inputs and outputs in production technology
Your posts are moderated
Related Questions
characteristic of duopoly

Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product

In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.

Market-Friendly Reforms: One main shortcoming of present development cooperation is that recipients of development cooperation is that recipients of development finance are d

What is Cost Push Inflation Cost Push Inflation :    When a cost of production (e.g. wages) enhances and firms put up prices to maintain profits. Cost increases may occur beca

Given that TC=1000+10Q-0.9Q^2+0.04Q^3,,Find the rate of output Q that result in minimum Average variable cost

identify which curve (demand or supply) will be affected?

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

Explain the graph as their is an increase in income

determination of optimal solution mathematical presentation