Illustration of production process

The Physical space is an illustration of the: (i) An input in the production procedure. (ii) The constraint on the production. (iii) The labor used up in production. (iv) An output of production procedure.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Uniting individual sellers of labor Can

Can someone help me in finding out the right answer from the given options. Economically, the labor unions can be thought of as: (1) Motivating competition between workers for jobs. (2) Raising the flexibility of the nominal wages. (3) Attempts to cartelize and unite

Q : Demands for Labor-Trade off work The

The demands for labor mainly based on LEAST on the levels of: (i) Labor productivity. (ii) Technology and amounts of other resources used. (iii) Demand for the final products. (iv) Trade-off between work (producing income) and free time.

Q : Problem on Substitution effect for good

One of my friend has a problem on substitution effect. The original equilibrium point (that is utility-maximizing bundle) in the graph shown below is at point A. The price of good Y is increased, pivoting the budget constraint down to its latest level.a. F

Q : Annual Percentage Rate and Annual

Interest stated at an annual percentage rate that stands for APR is the rate of interest without consideration of compounding throughout that year. Yearly or annual percentage yield [APY] refers to interest which is compounded continuously. When a ban

Q : Adjustments in demand When Mad Cow

When Mad Cow Disease erupted internationally, so what would occur to the demand, price, supply and quantity of hamburgers: (w) demand = fall, price = ???, supply = fall and quantity = fall. (x) demand = fall, price = rise, supply = rise and quantity =

Q : Percent of interest rate for the price

When the Bank of England issues perpetuities which pay of £100 yearly, forever, beginning one year by today, in that case at an interest rate of 5 percent the price of that bonds is: (1) £9,500. (2) £5,000. (3) £2,000. (4) &pou

Q : Problem on positive quantity Supply The

The law of supply defines that, other things equivalent: (1) Quantity supplied differs inversely with price. (2) A good’s supply is positively associated to its demand. (3) Quantity supplied is positively associated to price. (4) Prices and cost

Q : Income Distribution and Satisfaction

Some researchers have determined that citizens of some prosperous countries [for example, Japan] explain themselves as “happy” far less frequently, onto average, than citizens of a few poorer nations [for example, Indonesia]. Nevertheless, almost all studi

Q : Match price cuts but avoid price hikes

A firm’s perception which competitors will match price cuts but avoid price hikes yields: (w) price leadership behavior. (x) limit pricing structures. (y) kinked demand curves. (z) monopolistic competition. Can anybody sugges

Q : Where is demand perfectly price

For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above.

Discover Q & A

Leading Solution Library

Avail More Than 1445437 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926365
Asked

3,689

Active Tutors

1445437

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment