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1) Provide a description of the required factors of production, grouping them according to whether the factors of production are
a) Fixed and hence unlikely to vary much according to the quantity of goods sold (e.g. overheads); or
b) Variable and hence likely to increase with increased production
Use the above information to comment on the likely overall cost structure of your business .
For example: Are fixed costs large or small relative to variable costs? Does this mean that the firm's 'optimal' size is likely to be small, medium or large?
Z-Test Prof. Fisher has given a method of testing the significance of the correlation coefficient in small samples. According to this method the coefficient of correlation
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
#questionQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons
Maxz=3x1-2x2 St x1 -x2>_0, 3x1-x2 _0
Coding and Retrieval If all your data are word processed on in some other computer readable form it will be possible for your primary documents to be accessed d
definitions procedure and example
explain the significant and scope of operation research in scientific management
Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X
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