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When a firm's only variable input is labor then what does the slope of the production function measures?
marginal product of labor
How tall is 1 mm?
On a vertical position it measures 1 mm, However, on the horizontal position it measures 1 mm also.
What can you graph on a cartesian graph?
Any data consisting of two sets of quantitative measures on a set of objects. Although the horizontal axis is often used for categories, the graph is then not a Cartesian graph.Any data consisting of two sets of quantitative measures on a set of objects. Although the horizontal axis is often used for categories, the graph is then not a Cartesian graph.Any data consisting of two sets of quantitative measures on a set of objects. Although the horizontal axis is often used for categories, the graph is then not a Cartesian graph.Any data consisting of two sets of quantitative measures on a set of objects. Although the horizontal axis is often used for categories, the graph is then not a Cartesian graph.
Definition of angle indicator?
Means a device which measures the angle of the boom relative to horizontal. Enable to determine measurements to a precision degree.
Which ratio shows an organizations effectiveness in minimizing production costs?
There are two measures of production costs: total costs and marginal costs. The relevant ratio depends on which of these is being minimised.
