A production function is the way in which inputs,both fixed input(固定投入,特点是在一段时间内数量不能被轻易改变的,例如land和capital)and variable input(可变投入,特点是在一段时间内数量可以轻易被改变,例如labor和raw material),are combined to produce
This diagram is a graphic display of the relationships expressed in the production function. Substitution of factors The isoquants also illustrate an important economic phenomenon: that of factor substitution. This means that one variable factor can be substituted for others; as a general rule a ...
Cui et al. [38] used the transcendental logarithm production function model to analyze the impact of climate change during crop growth period on the unit production of one season cereal, wheat and maize in the case of China from 1975 to 2008, and reported the impact of climate change on ...
Depending on the tested production function model, the dependent variable P meant: (i) sectoral added value (net production) (PLN); (ii) production sold (PLN); and, (iii) steel production volume (mln. tons). Only statistically valid (positively verified) production function models have been ...
Node uses an “error-first callback” convention for returning errors from asynchronous functions, where the first parameter to the callback function is the error object, followed by result data in succeeding parameters. To indicate no error, pass null as the first parameter. The callback ...
Last but not least, in spite of the constraints that the estimate of the production function impose on this kind of detectable technical change (which we will discuss in the next section), its rate is expected to be variable along the observed distribution of firms and to show differences acr...
Variable Function Function with type parameter Index signature Type alias Type alias with type parameter Enumeration Enumeration member Property Method Interface Interface with type parameter Constructor Property Method Index signature Class Class with type parameter Constr...
This function allows waiting for incoming messages from several message chains. It also allows to wait for the readiness of message chains for accepting a new outgoing message. So select() allows to do non-blocking send() calls with the handling of incoming messages while the target message ...
A competitive firm produces output using three fixed factors and one variable factor. The firm's short run production function is q=163x-2x2, where x is the amount of variable factor used. The price of output is 9 per unit. In the short run, how many units of x should the firm use...
Therefore, in situations with limited resources, the only efficient commodity mixes lie along the PPF curve, with one commodity on the X axis and the other on the Y axis. An economy may be able to produce all of the goods and services it needs to function using the PPF as a guide. Ho...