Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Show the Empirical analysis?
Empirical analysis aimed at investigating nature of scale economies, degree of input complementarily orsubstitutability, or the nature and extent of productive inefficiency can be conducted employing a production function or again more easily employing a cost function.
If the provided time period under consideration is sufficiently short, then assumption of a given technology is valid. Longer-term effects of technological progress or adaptation of existing superior technology can be introduced into the analysis. Technical progress increases the maximum output which can be attained from a given collection of inputs and so in the presence of unchanging unit prices of the inputs technical progress decreases the minimum cost which should be incurred to produce a given quantity of output. This phenomenon is merely an extension to the time dimension of the duality relationship which links cost functions and production functions. Particularly empirical interest are the magnitude of technical progress and its cost-reducing effects and possible labour-saving bias of technological progress and its employment effects which are transmitted from the production function, to the cost function and then to labour demand function.
Write a detailed note on the planning and development of Management Information Systems
Q. Describe MRPL and profit maximisation? The common rule is that firm maximises profit by producing that quantity of output where marginal revenue equals marginal costs. Profi
Producers Equilibrium or Optimal Combination of Inputs The analysis of production function has demonstrated that alternative combinations of factors of production that are tech
construct a decision tree for the baked potatoes outlet using sales per day, number of days that quantity is sold together with selling prices per unit and average costs
A promoter decides to rent an arena for concert. Arena seats 20,000. Rental fee is 10,000. (This is a fixed cost.) The arena owner gets concessions and parking and pays all other e
What are terms included in oligopoly? Oligopoly includes: • The meaning of oligopoly, and why it arises • Collusion • Game theory, particularly the concept of the pris
Theory of consumer behavior
Disadvantages of a Free Economy The free market gives rise to certain inefficiencies called market failures i.e. where the market system fails to provide an optimal allocation
assumptions and limitation
p=10, TC= 1000+2Q+.01Q^2, Q=?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd