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Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
Gene expression is the process by which the information encoded in a gene is used to direct the assembly of a protein molecule. The cell reads the sequence of the gene in groups of three bases. Each group of three bases (codon) corresponds to one of 20 different amino acids used to build the protein.
craft production
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
production volumes are the amount of volumes producd in a day
issues affecting the production and operations functionsal area of an organization
GEDGEYGERY
Production function refers to the functional relationship between (physical) input and (physical) output
It is because production and operations management is interrelated to other functional areas of business such as the finance, the logistics, marketing, etc.
Business operations deals with functional aspect of the business. Six sigma CRM, lean management are all tools of business operations which help in getting scalability in production.
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
The microscopic, functional unit of the kidney and the site of urine-production is the Nephron.
Scarcity
Scarcity
Scarcity
The characteristics of entrepreneurship as factor of production include capital, which is the money needed to start the business. Any part of the business that has to do with the money is a characteristic of entrepreneurship.
which of the following is a characteristic of the factors of production