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Define theVariable factor of production
The input level of a variable factor of production can be diverse in the short run. Raw material inputs are believed as variable factors. Unskilled labour is also considered in the category of variable factors.
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
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what are the instruments variable of marrise''s model?
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A toy manufacturer makes output according to the production function: where n is the number of workers employed by the firm, O is a technological parameter and g the worker
demand definitions
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write a note on marris growth maximising model?
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