The production function describes the technological relation between:

a. the output that a firm produces and the price it receives for that output.b. the amounts of capital and labour that a firm uses.c. the inputs that a firm uses and the output that it produces.d. the value of the firm’s output and the cost of the inputs used in its production.

aristel

over 13 years ago

Economics

to see other 1 answers

Elaborate the relation between tax and production.

Can some one explain it its own words please? Relation between tax and production.

jesus33

almost 13 years ago

Introduction to Business Management

Elaborate the relation between Production and Logistics.

Production cell and logistics cell are main parts of a manufacture business industry. Please explain the working relation between these two departments and their importance toward demand and supply.

marylen

over 13 years ago

Economics

The relation between the inputs that a firm uses and the output that it produces is described by:

a. an average cost function.b. a production function.c. a marginal cost function.d. a consumption function.

pumpedup

almost 13 years ago

Telecommunication electronics

Which is the relation between F(s) and H(s)?

Hi I am telecom Engineer and I am having trouble in understanding the relation between in transfer function. Please provide mathematical explanation.

CRONJAY

about 2 years ago

International Economic Law

) Kingston Technology, an American company, manufactures 24 thousand 4GB RAM sticks for the domestic market at the price of $18 for each stick. After a trade agreement between the US and China, the company started to export some of its sticks to Chin

Kingston Technology, an American company, manufactures 24 thousand 4GB RAM sticks for the domestic market at the price of $18 for each stick. After a trade agreement between the US and China, the company started to export some of its sticks to China. Production increased by an additional 4 thousand sticks and Kingston raised the price of each stick to $21 while domestic demand was reduced by 6 thousand sticks as a result. a. Identify the supply and demand function curve for 4GB RAM sticks. (2pt) b. After a certain time, China has been accused of foul play. Kingston strongly believed its partner in China engaged in Intellectual Property theft to undercut competition and demanded the U.S. government take action. Export subsidies for Kingston were quick to be provided to ensure fair competition. With a new influx of funding, the new production of RAM sticks rose to 36 thousand sticks. Determine the value of the consumption effect, production effect, trade effect, and subsidy value. (2pt) c. Calculate the deadweight loss of subsidy. (3pt) d. Is U.S. government interference in free trade justified in this case? Provide a brief argument (no more than 150 words)

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