short-run production

The only factor which determines the position and slope of this function is the short-run production function.

The labour market and short-run production function.

The lower graph shows the total output that is produced when different quantities of labour are employed (it illustrates, in fact, the short-run production function).

Two points of neoclassical equilibrium for the firm, points A and B, lie along the short-run production function,.

Some factors which affect short-run production costs include: taxes and subsidies, price of labour (wages), and price of raw materials.

One would normally expect there to exist an inverse relationship, derived, inter alia, from the short-run production function, between unemployment and the logarithm of output.

Kongsberg computer-controlled cutting & creasing tables for short-run production and sample making in packaging, signage and display markets.

The variable cost curve is the inverted short-run production function or total product curve and its behavior and properties are determined by the production function.

Weekend editor Myra Forsberg says she and her colleagues are working to find ways to accommodate midweek events and to preview one-night and short-run productions.

A short-run marginal cost curve graphically represents the relation between marginal (i.e., incremental) cost incurred by a firm in the short-run production of a good or service and the quantity of output produced.

The new Advanced Engineering Materials Facility, opened by the Minister for Trade and Technology in March this year, will undertake process development services, prototype design and manufacture, and short-run production enabling customers to evaluate new processes.

With the help of a loan backed by the U.S. Small Business Administration (SBA), FMI is now a rapidly growing full-service contract manufacturer specializing in short-run production for the fragrance, household products, and personal care industries.

The marginal productivity condition of perfect competition is continuously operative so that, given the conventional shape of the short-run production function and of its derivative, the marginal physical product of labour function, an increase in the demand for labour will have to be accompanied by a reduction in the real wage rate.