https://padlet.com/medhadoshi/xrihmnenjv2gzo0m Made with the best of intentions en-us 2022-01-10 06:53:20 UTC 2022-01-10 07:30:54 UTC hello@padlet.com https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983217378 Elastic, inelastic demand numericals
isoquants
average and marginal product table + graph

]]> 2022-01-10 07:00:06 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983217378 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983217680 quantity marginal total product avg product sum graph.
isoquants
elastic inelastic demands.


]]> 2022-01-10 07:00:20 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983217680 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983218381 Q-f(K, L)
O is the level of output
K= units of capital
L= units of labour
f = represents the production technology

Dhruv Varia, B011.]]> 2022-01-10 07:01:05 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983218381 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219760 equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained]]> 2022-01-10 07:02:24 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219760 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219773 Othman sayed
B008
equation that expresses the relationship between the quantities of productive factors 
elastic inelastic demand
Sums based on graph]]> 2022-01-10 07:02:25 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219773 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219924 Production function in economics is the equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained.

]]> 2022-01-10 07:02:32 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219924 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219988 It is a function of capital,labour and quantity. There are short term production and long term production. In Short term production labours can vary but quantity remains about the same. In long term production labours remain fixed and quantity can vary. For example: a food product factory getting sudden production demand for certain product]]> 2022-01-10 07:02:34 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983219988 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983221168 Graph avg product sum, elastic inelastic demands inelastic demand numericals]]> 2022-01-10 07:03:34 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983221168 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983221702
Total, Average and Marginal Concepts of Production
Q = f (K, L)
It is used to define the marginal product and allocative efficiency.
Where Q refers to the quantity of the output produced and F refers to function, L refers to labor and K refers to capital or the investment made]]> 2022-01-10 07:03:56 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983221702 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983223621 Yug


Product function, in economic, equation that expresses the relationship between the quantities of productive factors used and the amount of product obtained.

Elastic, inelastic demand numericals
average and marginal product table + graph]]> 2022-01-10 07:05:38 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983223621 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983224750 Average product is the average cost per unit per set and marginal product is the cost for the very next unit to br produced in resources]]> 2022-01-10 07:06:37 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983224750 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983244434 Combination of physical inputs and physical output.
Some inputs of production are fixed and others are variable 
-Q= Q(L,K) where L is Labour and K is Capital.

]]> 2022-01-10 07:21:55 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983244434 https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983257761 Production function looks upon production process and related costs of production.
In short processing input into output of goods and services.
The whole process depends upon following points :
Tiem period 
Technology 
Supply and short run period 
Labour and capital used .]]> 2022-01-10 07:30:54 UTC https://padlet.com/medhadoshi/xrihmnenjv2gzo0m/wish/1983257761