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Because when one produces one product, the opportunity cost of the other product increases i.e. the concave represents the increasing opportunity cost with the production of a good.
"What are the benefits of measures of central tendency? Explain with an example
Relational Algebra - Example
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Welll its a math problem thats What we can explain
explain with help of an example, how FAT is different from inode.
Ans: The two most common ways of increasing the production are either by ‘multiple cropping’ or by adopting ‘modern farming’ method. For example, many farmers of Palampur village have adopted the process of multiple cropping to increase their production from same piece of land. During the rainy (kharif) season they grow jowar, bajra etc. which are used for cattle feeding. Between October and December they cultivate potatoes. In winter (rabi) season they grow wheat which is partly kept for family consumption and the surplus for selling.In this the way the farmers of Palampur increased their production by multiple cropping.
Because when one produces one product, the opportunity cost of the other product increases i.e. the concave represents the increasing opportunity cost with the production of a good.
In the game of economics, which of the following players use goods and services?
what are the different user define data types explain with example
The law of increasing cost explains that as production increases, the opportunity cost of producing additional units of a good also increases. This is because resources are not equally efficient in producing all goods, and as more of one good is produced, resources are shifted from their most efficient use to less efficient uses.
the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier that is concave from the origin.
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
its a shape that cannot explain
explain the role of coperative secter in production
by increasing the terminal voltage
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo