|Aggregate Production Function|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: business, credit, investment, money, inventory, financial advisor, finance, stock trading,
Definition of Aggregate Production Function
Aggregate Production Function
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
Total quantity of goods and services demanded.
Combinations of the price level and income for which the goods and services market is in equilibrium, or for which both the goods and services market and the money market are in equilibrium.
aggregate demand for goods and services drawn as a function of the level of national income.
A budgeting process using summary-level information to
Total quantity of goods and services supplied.
Combinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not.
The relationship between consumption demand and disposable income. More generally, it refers to the relationship between consumption demand and all factors that affect this demand.
a process costing document that
an estimate of the number
an approximation of the number of whole units of output that could have been
A resource used to produce a good or service. The main macroeconomic factors of production are capital and labor.
a separation of costs into groups based on the similar reason for their incurrence; it includes
The technique of stripping all non-value-added activities from
Any measure of the economy's money supply.
A general term referring to period costs, such as selling, administration and financial expenses.
the linear mathematical equation that
Probability density function
The probability function for a continuous random variable.
A function that assigns a probability to each and every possible outcome.
Process flow production
A production configuration in which products are continually
An agreement by the loan purchaser to allow the monthly loan quota to be
A general term referring to indirect costs.
Production payment financing
A method of nonrecourse asset-based financing in which a specified
Production yield variance
The difference between the actual and budgeted proportions
UNITS OF PRODUCTION
A depreciation method that relates a machine’s depreciation to the number of units it makes each
A mathematical expression that assigns a value to all possible choices. In portfolio theory the
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.