M.S $- 09830672827 “FRODUCTION Produk mn 4 fanchon 2 Me sulaion Lbehocen fapul and ovlpub: The rpacduction b modes ct ae on fs th moma. qian tothe, actaBonshtp bebween the pur ch produchive services aud He sett culpub of & Foroduct “Twas , tre” product : af AL prcduction fuurchion enpatesses Aue nelationshf P | Between tue quantity g eukpub aud te quanlities ef vaniowt Snpuls used Jon he prod “Te tooo aspeel which ane sbressed ; aden prod J ont — opehoeraea® » ® Monswuun guemtihy of culpa teat” con be preduced few ch 3H squs Tapuls- ay desen, quantities qi verious Mpa — @ mii qvombtes ef various Anpuk teat one reqpred iets 9 ayer quanti a opr “the pstod* Ramchion con be shidied Howe ways | © Law af Variable Proportion 3° NNT quowkitas of Some Sactons is kept Binad luk the ober Joetoo Ts vanied: @ Laws of Retin to Seate so Wwere ayantities of Mk fatons fs vostied: saNieFsen0 @ _Splimum combinakions of Tapuls loges0e 72822", ! ane cost ot prod 4s also ftecwess oy Spal poviess i “ a | ampur pace depards upon duno: coe sf prod w i : depends 9” emocepvod prodachistl af to neTme. Be ovr penton te deel be mscighea) Seth akan eemomics an a pak ob of production Ts 2 wikia Te "eal omsone hae Final of Tndoush whitch | 4 ‘Ais! * tao ay poets auch as Wage poten ae eopd Macro aopects ike, ogg wages: lesa ser oe pakioned Fneome oe stated to prod fiunchion. + Ped! Junction com toe al qeboioica Dy enpnassad 09 2 g fF Lake D), whene Q + qyantthy of culpa eg qyanttes of dackons (impute) On Scanned with CamScannerTo foniliate de tnensribiead. lfeenssion . we OASSUUML. A. TWO nrpul- siluation whent lalosun and apihel ane tur factors of | Hence ts uw fe % ot due form prod® {* % sf form, J tatooun and capital esp ecti {= ta. ®) Thana k danoles O shoo special tontentin Rrod & {» one Afousred under & ofhuaton « ® shook suum prod sfruokion .@ Long ain prod Tn the choat oun all tue -foctons eh tram ana Smad. Pisundug, eapibed to lot firsad -frelor aud Ladant te bt he \rasiabsle farkes of pared fr shook oun « So a chon sum psadh 4* com ee empaasaed 99 Q=F (Li) THhere te fined ob KI Ta hue long oem atl tue Spuls ont vanable ent prod® 4% com toe Wwillen an t- Q= ft (*) & | Tn Hea Splash tae predt jf cam be said as tHe sulation ship babwean \npul amd Oulpuk amd qpotwor com be. skudied ith su forence 42 to laws! cf prod® ane nok variatele « Some awis aelatonship A. Low of voniatble proportion Be tamed Rehan to Certe Beto levis vg law sh variable proportion telus cevsider aL fllastng aefiionsoldigh wll Walp Pe undorstendi 7 Ss: ‘ ss ang Ad! gebocT2e72 | 4 send ® shale . l -Totat Pi choad Rreduck!- “petal quembty ot ou tpuk powduerd plyiet woul fou 8 rm a a pesied of Hue. 9. Drinage Product! This atotal produck that adivnn prs Ta a glu Hee podod clivided lege qpombhy ba wvantalle feckon thunk hy vetd bh peduce ibe Ave rep MPag te Vos alole jacboor uni = a: Mong inal Rao duck t- “Whe, elm Han ty Fat oukpule caused! an a stile of ladder unit sh variable fethon i comploytd in wemblration wilh fined reboot th called m Scanned with CamScannermss— 0483067282 Poaqiinal product . eee A Vordable Jaakoa wn The Law 0 fe Demousies Revorn [rm Law OF VARIABLE 7 ‘PROPORTION: — 1. : emomanes Het pied® £2 ye, ome varialale -forhoot , ep Nap Te ofa costal Tt suters tgtus bekewtovsr of oulpul 90 tue quanlily q-ons farhoar fe Srerconsd « Lasping te quonbhy of often Jockos fined amd fuortvanr A states thal ace rmarratna) produck and omenage. produ will euembaalle destin uss. | 09830672829 | _Pssumpriowgt— Oke state op terboalogy & asumed to be cunchanged amd gfven: © row musk be some Spuls whose quowl by Fs kop Bued This only Tr His A ne on oder tue fochors Pepoations and knee ih offal on subpub: ® he tw Te bored wpa Hae posstbility af voruylug. Hae proportion wich hae various factors Gm be combined +o produce a poo duck. MSs. 09830672829 | , & tomo re watase ch uniks sf voi alte factor h ass © mh apmuunad trot wut variable acho oo dlls ble Tut smaller home qemtont WAU. Ts assump omouy nok owas Bae + © wiske te disse shuo, tow of Rehown crammuy ound |, FF subpule % vol ak ab -ehan Sbo cathe! eencidmation: Guby prysicel aulolionshipe kale actos Tepul und culpa probusl a Vorialele. Rropoaition sThace Stages of the Law ot Ss (Shoat Rum Paoduchon De aasume -hdo Mpuk sFhualin, ushane a frm uses lalooun (0) and capital (kK) on “ha fastoms of prod. hn hae shoot oun , we oman Laboust to be Hn Vootble factor and capita ® ss, 99030072872 ’ Wee Scanned with CamScannertole tue Fined. Sacha ch prod* . The, ghestoum Prod? {# aa . rites on O22 (LT) prkene copilet % fined ab ko Qe C.K) Late ons oj ab ocala Bacto oe quiet ow turn ae pele Inowoaning mole, ae ae oukpul- J Aieck aerated eae a d carhes to tye isdn omenapars alo deeronivg oth om ace crontum keloard thee after The following, Re presen gituation - TR <—stage-E oe Singer ge — Stag a 1 TEN Te. The TRL juve | shows an culpa Theme levels . (o> / prod? attained”) Pont OF | foo aif Hevels FANFICTION hemp rs labour, be wag dexive AR cuome farm cw TA cus Td, aw iiing” produde am Impub Fe Ane culpiks pak mato ton exch level gf outpak. In tne - Aloove tow Jj) Ok Lo= Ly s fobs . Mee Pa AM, = Th. erga slope ote aay: gure origin Of be derived out fore Hue slope. give OO hy Hat TIAL CURR + sw OSU amy te PU TR. Balt ealope, Gt oy tem tne Siailealy. for tel, , ARE ou, ¥ 5 an plain OA, « clanky on Lb Tnownses tas, is a Aue origin Te gush ctongent to He TR eave, ° a Crow Sn the above dogeem 1 OAs) Hener, The AP, someon ty “tr cmon don Le La. fon Lote tae slope ie soy tun ovthgin deckinan on Las and APL te deetinuy dow tds gene, fon om level of L, TR 7.0 amd teas AR Ts © postHve— Tt naman wutaches to ho arizontal ands + 4 Scanned with CamScanner ahr AL a swochas to the maximum |M.s.$- 09630672829 So APL Tnereases ot fines scaches te) A Feo afer TH looks Itke om Tense *U! oe ot tas Ne danduc MPL cunve Surn Fhe TP, Curve The manginal prioduck eb om Snpul Fs ata bulable 4p tua addi cto Hee pred# proces tne Hivad Smpabnennstu aww NP, = DTP tS cdot Barre tae slop New in tue & ar ok L Enon Who Kagoom we ran tue slope ais happens upto orcs amour at be oo tue TRL Ae bets te leariggahod oma. Acetivs Yaxcomnd diya Lartt ob t=bs ama www MAL ZO" phe tanger ct ToT. ond MPL,» Mo Ava point of Anfleck on cue declines oo wf Lots Fol towi ae Jno addt tion -to “tka total producl- Fin gp ome wal af tue variable, Tmpal- wunchounged + slope gf tu TPL curve amd MAL fs oblaimed Ftp due TR conve ae Ts Te ie slope. ¢ = om a slope ¢ Th awal tne elope of TT) VS quale wothus MA % oteing + (Az) tence MPL asachos slope df the stenge ener, wR, TS of Hae tog Foe TR casve (15) MP =o. Henee THE MPL cumse. cols sue TR come gels negative slope— abenighes MO L-Lo — MPL5 sli MPL: see, Las for LY Lg ee Snewases amd slope hone cian aloove Chas eure looks ° X - me MPL howe, draohy tae MPL me Ss. ee . nyse Ue 99830872879, 43 6 mg sae es eume % pele — _ MEF 5629 , 6 i Coen Vike om % ealwenn DM and MA re om ato eb tue ake to tan TA ane agin Hence ewe 998 Fan OL LS bg tHe slope nom He slope oh uth tne cunve MES of te mot fem above THO we fon Leb ae eae Te sh Hanger AS UU + Me, oases TP ste mo -s doanial cok nuaes pathy HAE fasm ne O5UQ! wane. slope ane tangent to Heth % equal +0 ne slope aay Bum Ane cog’ claanky, MiP = PAL amd “ta MAL Ce Bau ans, PPL anne oF ts mintva nin? come slope of the Aamgent fo me origin tn Gand “AR sre, conve Fe lee for LOLs anom ane slope of ne RO pum tne ooigin omd hence Meer anes. amare me. conve VES lotto Ar. We fan Scanned with CamScanner establish tne. astation Lealwean APL amd HPL with. 7 : melBS. 609, 6. “queer mr 2 os, hen AP %s steing | om MP AR. 20 MATAR WA levken Fs ais i AWM. 5 on ABEL o at at when AP _steaehes emo thew Mew , MP cunve lies above -Hhe DP, curve who mp.- ARO =P MPL = APL fg mani muy sus “Ho MP, cumve cals He AR cunve alt a (pe) = whan QP. fe dectining tron SO) 24 oo Le ac + mPL= APL o> MPL < RPL ie, Hae MPL cunve lies below ane APL ewrve wher AP \ i ‘ SS. | fa feng - 9830072629 i Finsk Stage oe fom whi ch NPL fs aislicg : a ee on He On NG, APL. MP, APL (wits Whe ned nage sels) an shoakown manginal cost, (ene) & frenoge Veniatsle aol a) ~The Yrequolitg eb manginal savanna (HEL ond SHC Volales Hue vanieble ema? et profit mmaximsalon and tne Bene produces forte tae Shu devon eukpub towed . Herren TE ws ie \ i Hn cts stage MPL? APL dukes a wm Leen ont & endif prod® w Second Stage ¢ Rnod¥ <> Tugs siege me, O sv g crea oped level electives | hind Stage of Prod Hone me LO om oo LInenaenen: Obwiewsly Yes a hin comm ow © eeu pode. 5 Scanned with CamScanneroan lean tint i hovteust at oul sts vomiale. Hien) _shaci put a ; : prapoation, shadies the ned ond chamatna 4 keeping: the quomti ty ch one on some fackons “The. aid Coe auamtihy ch othen (e.g labour) « sy taibe of Sabsows cena shadieg “yao? vious Saipense ce chamgge Yo feale. fre Brenanan. Fn He Se caning “mak all Fapuls on Padheas ont crapanl Wrenn SOME propanion: owent. Sm Fa sande: ‘oceuns wskan ol facbons om Twpets one Yeneared kecpiug’ fackos proportions uncham ges’ 8 “Aneneasing Rebuan fo Seale. (185)! IE all tne Tnowace an all Fackons lands 40 (nose. “tram “propestionalE Anoleace Wn swipub, satus tO ceale ote said to ke Tn erascing, stus if all factors ont doutslied, amd eutpul nensass doulle How ih Rebun emona..“thom 7% is sald on ' Trereost cto Seate.'s Pon eqs all pels ane Mound to IS) and cubpulytneents by HOt Men Me xes will be prevalling: ooo be72029 Constant Rehoin tv Scale (cR2)' i we Bnereane Ol) Fausto s a- prod? (ie scabs) tn 0 gen poopattion oud oukpub Troneones Fn -me same proposer» aehon to geale one said to be constr: “thus if doulating tribelling of al frctons causes a deubli om babelting of eurpuds orehown “to gcate ane constamts In rmathe - malics tne cone, A ORS fe called \\Prear gind homogeneous RY?) on’ romogertous prod FE? of tee, first degaee.- Dimini shing, | Deeneasiha- Rélkuan 4 Sete (pasy— NH Hee Neads to o lesk Ieee ° iiaatied anenease on al factors opontione! Rrercona oubput, eho Hip seale ana. decreao'¥Q » When & cn dts Tnpuls FRED 2) manginal Rnoduck- | Stale on, Poopartion aod. Haren goes oF anpamdi a qveutwotly PRS will oceun Hoxcouse ot Powasing dit eallies + cmawagemenl, - Cgondination and emnbol + : s. 99830672829 , Scanned with CamScannerDiskinguis ton, adwan, 1o 0. vortable Sacha 7 sere anc some Important laws Gn eesnomics SAqas ua. answrl— 4. Fopuk- Ok chouwged ; rere ane catted “Lams of Relwur’ - One seb of lows 4 caked a A etiows Ip Sete, Motor cab te calud \oms ef Palo to a vata’ doctor : «pus io Tene ane some basic. dif}oovets \oetican Huis ® ~ cealt oud sebion —lo 0 vaadable actaor. “These OF OP Follows Wp Lane yf aeliow te stale com be, applied, fr conn.’ of tong mar get Tey oP hed) whine allane actans af prod one voniable. Sw ass of ahora *F0 ‘actor % appli calla fr soe 4 shoot sty a4 5 v =o i ne PAE ET, LY where K denokes He Hast, pital and vashation, Wn “he prod | 5 = he i Wr thee, aed a wm opends on waniatlefretos (0) 4: ee 3022 tmasinbyy ) Laws of Retr -to-scale shoris sina if phod® procem axe chauged my o Casbain proportion (eny Gk rill lead to om Anewand “Pr-tue culpa oy AP mes i, if g (We, AL)= AMEDD) when we ay CRS wy ray TRS Legs DeS | Lows 4 Relrom Ao avaiable factor shows that t only “ha. vostiabc, change $y -tae outputs haw al\ the 9: puts Inte Ayn | Seaton Ve Mewaad ; ie, If Ls a | S. Fincrnoned , Leorping, Whe. ammouiat of shogieer®. i | elvan 7 pub (2) Ts constonk pwen poe We sabe rould -fath This 6 cated tut Low st Naniale Prepon mM: y haus of Gebusnto, seals. cam, ‘er shore lay the lo empam slevy pata cf a irr + mq Sean Alen OF Fs two long sun enansion pain show tng Retww ro Fools «> Scanned with CamScanner