Classification of Production function:Production function might be categorized into two:
1. Short-run production function that is studied via Law of Variable Proportions.2. Long-run production function that is described by Returns to ScaleShort-run production function: The law of variable proportions:
The law inspects the relationship among one variable factor and output, maintaining the quantities of other factors fixed.
Definition:
Since the proportion of one factor in a combination of factors is raised, after a point, at first the marginal and then the average product of that factor will reduce.
Long-run production function - Returns to Scale:
In the long run, every factor can be modified. Returns to scale studies the modifications in output when all factors or inputs are modified. The raise in scale means that all inputs or factors are raised in similar proportion.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Production help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Production, project ideas and tutorials. We provide email based Production help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Production. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Production. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
www.tutorsglobe.com offers solutions and assignment help for special cases in simplex method, degeneracy, non-existing feasible solution, unbounded solution, multiple optimal solutions
Your search for a trustworthy Electricity-Magnetism and Modern Physics Assignment Help ends here! Let PhD tutors secure top grades!
The electromagnetic spectrum tutorial all along with the key concepts of Range of the spectrum, Interaction of electromagnetic Radiation with Matter, Types of radiation, Nature of Light and Quantum Theory
tutorsglobe.com q,r, and s waves assignment help-homework help by online ecg-electrocardiogram tutors
tutorsglobe.com nitrogen family assignment help-homework help by online p block elements tutors
Many see share options as a poor means of rewarding directors. Warren Buffett, one of the worlds shrewdest and so many successful investors, has made clear his opposition to their use.
tutorsglobe.com shapes of viruses assignment help-homework help by online size and shape of virus tutors
Theory and lecture notes of Pigs in a Box all along with the key concepts of pigs in a box, homework help, assignment help, market structure, dominant strategy equilibrium. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Pigs in a Box.
There is a danger that non-executive directors will not provide an independent voice. They may come under the influence of the executive directors and fail to challenge decisions and so promote proper accountability.
tutorsglobe.com haptens assignment help-homework help by online antigens and antigen presentation tutors
Theory and lecture notes of Microeconomics Versus Macroeconomics all along with the key concepts of microeconomics versus macroeconomics, Macroeconomists and Microeconomists. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Microeconomics Versus Macroeconomics.
Outcomes of Evolution tutorial all along with the key concepts of Focus on Evolution, Adaptation, Speciation, Mechanisms for speciation and Extinction
are assignments and coursework your biggest nightmare? avail aerospace engineering assignment help to secure maximum marks.
thermodynamic stability-reaction of complex tutorial all along with the key concepts of chelate effect, kinetics and mechanisms of complexes, reaction mechanism in complexes and expression for rate law
Theory and lecture notes of Correlation & Regression all along with the key concepts of Coefficient of Determination, Correlation Coefficient, Dependent Variable, Independent Variable and Regression Line. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Concept of Correlation & Regression.
1948539
Questions Asked
3689
Tutors
1494955
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!