--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Wage of firm elasticity of demand for

    A firm’s wage elasticity of demand for labor is least influenced by: (1) how much time the firm has to adjust to changing wages. (2) the proportion of labor’s share of the total costs.  (3) the ease of substitution in between capital

    		•
  • Q : Law of equal marginal advantage to

    I have a problem in economics on Law of equal marginal advantage to consumer behavior. Please help me in the following question. Pertaining the law of equal marginal benefits to consumer behavior outcomes the principle of: (i) Diminishing the marginal utility. (ii) Ov

    		•
  • Q : Short run for production I have a

    I have a problem in economics on Short run for production. Please help me in the following question. In short run for production: (1) Both variable and fixed costs exist. (2) Productive capacity might be adjusted. (3) Unprofitable firms shut down. (4) No fresh workers

    		•
  • Q : Avoid losses incurred from predatory

    To drive rivals by a market but ignore losses incurred by predatory pricing, a firm could: (w) cut price below costs but continue to sell similar amount of output. (x) set price equal to average costs, removing incentives for other firms to reenter th

    		•
  • Q : Long run for production theory Long run

    Long run for the production theory is a time period across which: (i) All production occurs. (ii) Firms can adjust all their costs and resources. (iii) Bigger firms absorb the smaller firms. (iv) Marginal costs become decreasingly significant. (iv) Im

    		•
  • Q : LEAST elastic demand of prevailing wages

    At prevailing wages the LEAST elastic demand for labor is probably faced by: (1) unskilled harvest workers. (2) garment workers. (3) assembly line workers. (4) dentists. Please choose the right answer from above...

    		•
  • Q : Elasticity and profit maximization at

    When a monopolist which does not price discriminate produces output where is demand is unitarily elastic, in that case the firm will: (i) never be capable to maximize profit. (ii) maximize profit only when all costs are fixed. (iii) maximize profit wh

    		•
  • Q : Problem regarding Privatization I have

    I have a problem in economics on Problem regarding Privatization. Please help me in the following question. The procedure of transforming government-run production facilities into ‘for-profit’ businesses is: (i) Privatization. (ii) Cartelization. (iii) Cap

    		•
  • Q : Problem on Vertical Mergers Assume that

    Assume that Ben & Jerry’s Ice Cream purchases a big dairy farm and some sugar cane farms. Ben and Jerry’s Ice Cream is practicing: (i) Vertical integration. (ii) Horizontal integration. (iii) Monopolization. (iv) Industrial concentration. (v) Conglomer

    		•
  • Q : Problem regarding marginal factor cost

    In equilibrium for any of profit-maximizing firm, marginal revenue product of the labor: (i) Is equivalent to the change in net revenue related with selling an extra unit of output. (ii) Surpasses the wage rate by maximum possible. (iii) Equivalents marginal factor co

    		•