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In computer science, an input variable is the input from the user. To read an input, there must be a scanner. The scanner will state what type of value, or variable, that the user must put in to proceed. Such variables include int, double, String, etc. The program can then use the value to perform calculaltions. For example, a program that adds two numbers together may ask the user to input the two numbers and it will return the sum. The scanner method will make sure that the user inputs a numerical variable such as an int or double, rather than a String.
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What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
What is variable input vs fixed input?
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What is extra output generated by one more unit of variable input?
Marginal Product
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
What is the difference between variable proportions and returns to scale?
what is relationship between change in input and output. In the return's to scale (long term concept) all the factor are variable but in the variable proportions are some factor variable and some factors are fixed.
