Sentence examples for inputs in production from inspiring English sources

Walras had proposed a mathematical model that demonstrated that products and prices automatically adjust in equilibrium; building upon this general equilibrium structure, Barone included variable combinations of inputs in production.

Chemicals and plastics would also reduce gas use considerably due to high requirement for gas inputs in production.

That decline in investment implies slower productivity growth, while ageing populations in developed countries – and in an increasing number of emerging markets (for example, China, Russia, and South Korea) – reduce the labour input in production.

In contrast, there were roughly 2,000,000 American jobs in which steel was a significant input in production.

Capital is the only input in production and could be a composite of physical and human capital [16].

The PPF is linear with a downward slope in two circumstances: If the technology for gathering coconuts and hunting fish exhibits constant returns to scale If there is only one input in production So in the Robinson Crusoe economy, the PPF will be linear due to the presence of only one input.

Through observation of agricultural sector activity (i.e. choice of resource inputs and selection of output levels) under observed market prices and input costs, the true marginal cost of inputs used in production can be determined and thereby the shadow cost can be imputed.

Production functions can be estimated when resources are used as inputs to the production of goods and services and where changes to the inputs result in production changes.

Profit equals the total value of production minus the costs of inputs used in production.

Profit equals the total value of production, income minus the costs of resources, inputs used in production.

Partial budgeting was used to estimate changes in profit associated with the double crops versus no winter crop, where profit equaled value of production, income minus the costs of inputs used in production.