The production function describes a boundary or frontier representing the limit of output obtainable from each feasible combination of inputs. The production function also gives information about increasing or decreasing returns to scale and the marginal products of labor and capital.
Answer:
Step-by-step explanation:
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Answer:
Since the difference between the value for each year is constant, this is an arithmetic sequence.
Step-by-step explanation:
Year 2 - Year 1 = 21,750 - 20,000 = 1,750
Year 3 - Year 2 = 23,500 - 21,750 = 1,750
Year 4 - Year 3 = Year 5 - Year 4 = 1,750
You do 600 divided by 2700 and you end up with 22/100 or 0.22 as a decimal. So if 0.22 or 22/100 are venimous then 78/100 or 0.78 are non venimous. I understand its a bit confusing and i can simplify it for you but still I hope this helps :)
