Examples of using Production function in English and their translations into Indonesian
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With short-circuit production function, safe and reliable.
Changing its shape(form utility), which is none other than the production function.
Cobb-Douglas production function exhibits constant returns to scale.
As a result,male sex cells that are stimulated not become smaller, and the production function decreases.
First, the CobbDouglas production function has constant returns to scale.
People also translate
Business functions to change the form of business(form utility),which is none other than the production function.
In other words, the production function is homogeneous of the first degree.
Such a production function is called linear homogeneous production function. .
Only with this strategy is carried out effectively can this production function contribute its maximum to the organisation.
This production function, the average and marginal products of labor are as follows.
Only with this strategy is carried out effectively can this production function contribute its maximum to the organisation.
That is why it is called neoclassical growth model as theearlier neoclassical considered such a variable proportion production function.
The production function, therefore, describes a boundary or frontier representing the limit of output obtainable from each feasible combination of input.
Once the time paths of capital stock and of the labour force are known, the corresponding time path ofreal output can be computed from the production function.
Input to output relationship is non-financial, that the production function relating physical inputs to physical outputs, and prices and the cost is reflected in the function. .
Once the time paths of the capital stock and of the force are known the according time path ofactual productivity can be calculated from the production function.
One very simple example of a production function might be Q=K+L, where Q is the quantity of output, K is the amount of capital, and L is the amount of labor used in production. .
Since the real return to factors will adjust to bring about full employment of labour and capital,we can use the production function of equation(2) to find out the current rate of output.
Firms use the production function to determine how much output they should produce given the price of a good, and what combination of inputs they should use to produce given the price of capital and labor.
Assuming that the maximum output possible from the set of technology inputs of all,the economic use in the production function analysis is the abstract essence of the technical and managerial problems associated with a specific production process.
Businesses use production function to find out how much output they should get given the market price of a product, and what input combinations they should use to produce something given the price of labor and capital.
By assuming that the maximum output technologically possible from a given set of inputs is achieved,economists using a production function in analysis are abstracting from the engineering and managerial problems inherently associated with a particular production process.
Under certain assumptions, the production function can be used to derive a marginal product for each factor, which implies an ideal division of the income generated from output into an income due to each input factor of production. .
In a manufacturing company whose production is based on orders,timekeeper work required for employees who work in the production function for the purposes of distribution costs and employee wages to the product or order to enjoy the services of the employee.
Based on certain assumptions, the production function can be used to reduce a marginalized product for each factor, which implies an ideal division of the revenue generated from the output to the income from their every input factor of production. .
One popular way of incorporating the technology parameter in the production function is to assume that technology is labour augmenting and accordingly the production function is written as-.
Unlike the fixed proportion production function of Harrod-Domar model of economic growth, neoclassical growth model uses variable proportion production function, that is, it considers unlimited possibilities of substitution between capital and labour in the production process.