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What else can I help you with?
Describe how you can tell by looking at the graph of a function with variable is the input variable and which is the output variable?
You cannot.
What is the production function with one variable input?
The production function with one variable input describes the relationship between the quantity of a single input, typically labor, and the amount of output produced. It can be represented mathematically as ( Q = f(L) ), where ( Q ) is the quantity of output and ( L ) is the quantity of the variable input. This function often exhibits diminishing marginal returns, meaning that as more of the variable input is added while keeping other inputs constant, the additional output generated from each additional unit of input eventually decreases. This concept helps firms optimize their resource allocation and production levels.
When a firm's only variable input is labor then what does the slope of the production function measures?
marginal product of labor
The abscissa is?
The abscissa is the independent variable (or input) to a function.
An variable provides the input values of a function?
domain
Describe how you can tell by looking at the graph of a function with variable is the input variable and which is the output variable?
You cannot.
Describe the production function with one variable input and explain the relationship between TPMP and AP curves and the three stages of production?
there are three stages of production mp>ap
When a firm's only variable input is labor then what does the slope of the production function measures?
marginal product of labor
What is production function with one variable input?
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
Do the dependent variable act as the input of a function and the independent variable act as the output of the function?
No.
What is another name for a input of a function?
Independent variable
The abscissa is?
The abscissa is the independent variable (or input) to a function.
An variable provides the input values of a function?
domain
What is the scientific definition of function?
In scientific terms, a function is a relationship or mapping between input values (independent variable) and output values (dependent variable), where each input value is uniquely associated with one output value. Functions are fundamental in mathematics and are used to describe how one quantity depends on another.
What is an input variable?
an input variable is an input variable
What is the use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
Define production function?
Production function refers to the functional relationship between (physical) input and (physical) output
