veit-B Produ clon € tet Prolysis » PRoduction furclion — Goquaah an Diocetli - cobh- dowgles Phoductico Suncliso- dau of Vatiobl proportions - dowso} Rebiaiy. Gaitined and Extend Econoutu of Scab: Coth Arcadia Cat camepti- Brak - oem Prades : AWGductin: Te me. Producttin decistoms ame vary miele Lwpettaut dln vlgartaltons, Se tk natemany Hat Hee ou need, be Knew ovo muck Cau be Produced wills “a aiwa Ser a Sanpale 071 how muck velune ef each tapur de Meded for & Wen aumetuk of outpar. “The produclton Dunkin paoutder dinferurelion abet suth quorkion - The Production —Funcltéo : Ace te Gamuel "Production funclio 2 4tL Eecluteet aTnaip mbt suural te @reodinun cunouuat $ Cut pur Capable oh betrey Preduced by eachand eurcey Bee dup” > Proderctiton anchor ch mete Coucennd uilth physica axpeck of producliin . > Production Puncken tnablu ut undevt and thew hee wut Cam make uy ob tecbwooloa bs aig gestae - Poloulial , the duper fa awry Product yt Leaeice are acd Mbowr, capttal , éypeutialion aud ae “Be etd d He Phoduclisa pe Ye He fun elton of ive Vathabl input, MoMounatically hie Zr exptersed as Q= $b ta 10:07) Scanned with CamScannerwhe 9 Create Of Producliir hi= doborw dy. fund @ : Capttat 0: Capua Te Tetlnely A mann tacdin bun we mer ace ob > Mee Phoduclis 0 fun citer by comd dee ng hu techuteal tnousted vot proces of various fader & production and hi detou laut & “> Ta “bpeekfic itcdlon Boum clas q Prodeccion be tapttat yd ter sodas lata tu fina ploduck be tu faces depund “per man hurd. he D “antl focla x fA Lofton Suduly , Laud ae not sticaar agycHat an Car eh an agiheututal Product du ogietinn qou can Anerson tu production by Foouadte wre oh land: Tn keftwar andusley otha, aclu such a technology , Capital 1 Maunageu ane aul ely be Coun Bytticour . TSOQVANTS > deo meant equal ,quank mans quank ———— Boqnanr ayo calkd Troproduct cum & Product cin hfe — Cuue > Toquonr ba come Hat Bhows He Combination, th «2 Enpu fot eadauct ng bame Level of Bete ar , > he Asws Hu dibfercur Womb re BS wy ch tnpur factie 6 get an outpl of 20,000 walt Scanned with CamScannerpt r combi nalion A Inpur facto couak$nak » captain tach) — No: ob daboswu 1 20 6 \s - & 3 a € D 4 ¢ E _ « t 6 ° Troquant ytudiny 20/e#0 wate of 6 Produkt abou Lab > MS He Savert met get ng ot eee Con be Suduced. Ae rut eh Copites and 20 unit of debe Eo Ondite gf Copitatand © wal oh Labou -y tte manwfacclan can Papa all tem a be de ae ze a coubinalto fi cing dew! natiom becauw te a * | farm otitput fe aovere au Feats Be am Droyout : ——— = 1. Down wasd Sloging cure: TL ow input ee anol may be deosand « nnGuelton of Motsawe cn bole — Scanned with CamScannera: Convex 5 od Teoqanti au Comuen to Hu aigim te i ee Cenpar faokou ae not Peife Bub Wa , ly 40 Ale Uoyuent weed be «fell ng eed a 3. Donet Dulisect + tte Cuwer donot ciulitect each ott became mum ewcle of Hut denote a parkicutar Leet ah ettpur. slower vo ~ 4 Do net teuck anus sR hoquaut Tucks melikiy x -9e net Yo ads -% dott tapas an sequleed te produce & fur pLoduct Feo rones wha Dnpur Lackals fol ove bokeer Subet ta a tobe [Ss sas weer 9@, 20,009 Tay: Scani mae with CamScanner Capit tal@ ‘ GSOWOSTS” Anocate spe We he Cot cur “thet Ip a8eE, ‘ su GoubianlBon ef cemputt ther will Cove the p Ao ducee Hu howe cumerunt mB | Tn the weds each inocer dewetty a particular fut gh total cox for a qluen dowel of Production Gy He deel eh ProduckiSn Changes, total to Ch, and Hus Hy Ghoti cus rae Upwards and ie Vou + Fealiiu: 2. Watt Cue ay down wad Bley sak Une Broce gah seep ruendin Se us Bthoccte dead t Qty a Putt, Fesen ott Cb Total cose ond ode attorietid with Wagar certt ond We Vere 3. Tyee de any cunp We Petes Sb will hae ete of Thocore tar a eee Cot Combing lion GR Dupali : Te Ge, F captr at —A monrfacln dou bo 3-0, Plodue 9 Product ot lowe 5 970 Bin oe nigh, rok, . t Jes = 4o.ee™ : fa, — they Troquaut ond Jrocesti 3 ‘ eee Com be ayed tg delirnntne uta mths du pi Hos mined (CoM oR Phoduclio?- fad ows = we cus obserus Ria by Agu tepek 1 of Troqnoul ard Wocet cum. - Pt He Potouba Petati Pa, e Hu dlopa of Scanned with CamScannerToqgrourt and Tecot ay equal: So, hem are the Polat ol cot production Us Prebltabl became ib bal ng} deyurr > HAL Q™ combInabion wr Want Ach R™ point au welaue |e SAkiMfou, reroute amd pT pins ig gluta no Reed oh Oupar. > So, Ru input comb ral 1A2(0™ Peiat> ca He Cheapur ute Potak of Nangpney : Hou dane Cae Combtrelion of oa pul yd? nf maton Level of etctpur. Expamaron Pal: Or us a Mi supraculiag Ha tea cot combiralion Gt dinpeli do PAR fa deb femur Quek F eutpat > pe RL point a CquilWtbrrum Aes the (Xpausion pallc pate cam algo be called a > Gxplomalisn) Sx paves on : we" Ok indica how & adjust He Scale ea Sh Cobb --dauglas Beducton Funder Ibs daeuntry Ru Production thay oh He -H. Do lea Wed Oo Hon, eromowits Con Cobb and P Apecak frum el productton fun eian, widicl ca Production Punckion , Known of He Cobl- Dos May ts all satya de tein, Ey Gin ues F184 I> & dbo A at tnpwh + wed He foto 2 “| a V4 Scanned with CamScannerwh Pit total ettpit , Le Ha tnder GQ canphogratat gf Labour. son C= Gndex gf fixed capital dn manne g Ste Cpe SRT au ta elawtcetie of Production Then roan he Purcntag Mpetse of outpar Percentage eal tt dabeur ornd Capital ee Desa sina + Tr Ru fetleestey arduump Kons . a 1 ‘t 2 My fuuckion 1. tte funclin gaunt outpur i ah two fact Viz. apttad and Aubow Qo & oo Mu Drouaogennes Production tunclfon Ate Hut soutien of he ° nner Haat He 3 vite feunctzoo 4 te (Qpbew Tre and Captral suc) total eutp ; t io pte dogasiews ob economy A Rrcor feu! { cis dabows rer and capttal Meek fy. Thay ote Ceritant sekwur tg cake 5. PL dnpwk ase Aawogenron g. “thus ts Pease ct Compu to 4. “He ao change dun technstogy rhe Cobb- Dovgls Praducksiy —Punclion wut bad on Macto- Qoue Bide, ak es beow vere wage toe Antiputing econouate sesulll- J Scanned with CamScanner~ tol He Lav enti qalitond seuebld Har He Aun dae = hp erent alge be vey wg Hon ceutty wdicle cunap Rear de cussing Cot. Bur dibfperence wa 40 Saat “Har He CME Weld stun te be a Safe asunplior a ot ee ee Guo of Phoductiio Production anabysa dn ecomoute Hust) cowwide two tps 4 dapur — our Sul Stonsteipst 1. when QuadilGs Q Catain dnpall are fred and ett axe Vastabbh nd & then abt dapull ane Vercerbl hue too Hou selalitinetips have been explatwud du st few eh Laur. CO daw oh Vartabl proportions CH) avo oR satiny tS Seae D- ow Of Vaxtabl: prerpeilionn: Re dew Gh Variable proportécns webiee te nee howe giuun We CDertcal —contapt of Re” Lou din navn redo” — tha Played a Ultat rel din te Woden elenowiu Hest. Ned ume tak Maur Produc Punclioo Cowl ob eyed Quote of all en pul Fdand, etvtpmnent He) encept Aaborn utter ia Vertue capa vote te tun eepaunde otetput by cumple neg curd wee Sabour 2b alley te propeller ber ween fd and He Vastiable cenputt Scanned with CamScannereo ¥/ s Vota Buus cou be Aad ay —feewe 5 8 “usher tetat euurpur g Produclzon gd a temmodiiy iy ein Crouse d by Oddy whl of a Vattable tupwr wl te Vantili of oltt, input ae clatd Constante Hes Linteen | an total — production becomes apy Aone point, Sirablrand dmmall -"’ Arsuumplions au : Co the Atodte A teekrolory sumetns Couttant a Fevy ss camp Aovennaar” cin tela, Ha aura oe magenal outper eu et decuate pur da Ctecy SY ony ome Poet oh tngar Gs mde vacabl nd oll facleu oe Kept Comvtait: cit) pk ui ch Vaxtabh fi cteu of “hensagtton . Production ~Rinclzn with om Varbl Spur curd bs oh Retin: wth wo menlEned aber Sa of Mtiverrat nelidi ond SF proved ty be Vii dn agtouttun cud Jabal, abe. “te Lelautows of Hue eutpar unten whe Vary tins Mou \G gd om facta w combluu adtha red 7 qsuSE gf tr OMY can be dfutded don te Haee datinet Arges he acaga can be exprated below tae Gycte balou tobe | lus Cow obras drat he 2 duct dn Gras in ow Product ound val pho Tt feng ant Men Vdectinr + Scanned with CamScannerQutpat with feacd cepital and Variable Kober UA ut," T toxic ree Mi ¢ wot ] Pua | Sa h Labeow Product Product (xp) __{ mp) awa) | ° 0 0 1 . ) 0 Stage 9 | to js to Lo. a de 1a in 3 33 \ late TT ; ' } on St wo + lo 8 ae 5 4 6 Ae 3 i 4 ag ° | ges |r Se a t he ~5 Gee J Maataat _ | oe product ound ‘t A Tor ok produce oe Product Waves | 2 cS & Vat ol Spbour Cvartebl “path > Mp Scanned with CamScanner| / xProm Re orbout use Cau ay thar “tu pred 6 wadt cea up TS Peta A whe wok cud ade WAT of Ybor de diocruated . Ole potat A, outpur dnverns ata dechtnia dade Hl He dr prackumaxtmum pela at C PRL polar c, he total eutpur dectin ound Hue Brat Product gh Letout ds fue HTK Gudteaty Rak la addt tows uubte of Labour an wet Condes bulad fay Re Pott uct, teu total ovctpr don BL toboux uo ounilable dru qf coy tr tu not weal. wtlag ot Production Ruaclioo it Two Vartoble Suputi aud oun Gh Reba fix wo Coudidu a Productitan procus thar Seqctnn troo clinpale Copttal Co) and abou H to paadece ox ee Output (Q) i Cty Production Punch bad on two spate cou be expruacd a Q:-f CCH * Newly , bet capital and dabour ate Mb edtey BH Produce groduct - To Sow Oden , then 120 inp con be subatiledied fe tack otis { % Heau Ae producer may Choke au] Cob? nelio » r R Iabow 4 Capital that ‘ia team the Mequtyed mo d wale of eurput - ge Site wdreualiin combtralnn 4 Uaboum ond capital gilding a given towel of ourpul axe puck thar UF the we Of Bee fatty edaput “a Sinceand, her q avotlin wily COP PRESET Scanned with CamScanner“ = a4 decrease , Vi Vega + , ¥. Gakd oh tbe tecludqi of tecbuology wee AA SubMeltabllely may Vary TW. dao of Retin te Scab: rhe Raw of natu ig Scale ae Smulkaurow cod probeltnalr dn Cream Sn ae Gnpuh able he total oubper ot due Vasdous Ruel . sy “the Cousept Qe Vastabe Phopettion ar a shett Aan Prurcmenronrm at cn Hue pedod feud facta canna be a and att facts con wt be d. > One obtihend an Re Lowy Niin ght fa cto Con be changed and rade Vorrate . He > when we stidy am te Scake - \ cathe changed We Atady slain | ¢ . din te keale moans Hat | Hes depen a “tem ae ely 4/P do > law jeliag See ger eRe top dean curstusia cb te Qaaws oh pacduclion . Type Aetiows te Seale + een anatase df Aetwrg tg Stale Hey ae 4. Lous &_ Tu cueanin Rotate Seal th Lay Atak ae din 2 5 oot tte Volum Gd ourpur Kept ee earning uth > woh a FM near din dnp Leads & a mote uur Propet mult cintuan Gay Har ouspar, Ht Lane of Seating suis te bale Sy ald 1S cheat Scanned with CamScanner ca1 / ® fre Cay inligduce decison a labo and othe - J terbuolefical mnt 5 dnouan Podulfin. Hence la | Joke product cneuar ar an ancuariad nalt . B. ko gh Constant Retiiiny 1 Stale: > whuettu teopt Tet déutiton gf tabou gE Sued, Hu Mate A Anertan duo tus totd) Output une confant tu daw of constant aetuus be Keade Gu bad te opuste ots daw Atate Heat te tele clo Geaned | bau te thet of doereakd to volume A ewput stoke A dn cue | dectum o fu of ay He dnp oy hin He Phopotlzonnke dncweate A OES dow nt rad te equivalent Aner % Po Ru outpar dinteawesr at a docuantey AE? ta hat te Oboe. & decreasing oi & bale fo ap ta SUL din Vy average con Per unit - Pus ~The Jaws A Retr 15 Soaks : 5 “mesease|) dan 5 etal |] Lebo YAR. tocesaye output 1 cage A “chen S pala tn wale | con both, t]p# [ein wi | ay ofp apt 50 ~ 3 _ 4 ! lo tao dasooh trcheris a 190 els Be a a 00 laot comstnur 4 ID !00 Sli Yoseck SGI dao ob ¢ 2H 100 e eo) denis lay Beuk ste oboe ekoinple Sy abated © cxpteubtuul laud . Take ous cece Of Hand Ub you He He Retd welt ith adaguete Scanned with CamScanner= bap of Patter and tow grb Well Med He Vela, gh eur dntieme - . > Prom Ha table, tt dy cleared Sak ewe of nee feun Producer Fo wu! oud 3 adie oR dabuwe , He aul sa wht gh dabew, . NRO am thou, usher hee dupe fn sual by Joo % Hu eur pat ter dntuand by "yoy. Muar os goood 7 We ake Man ie csalagn mit both epla Tap ee > De HG capttel ey ye unhte darbous “ & eurper dnusasd We \ooY. | go, ar de word a ws Stole Rh comstant Se & a wah CAP ot; lobo Heong >a we Cutt uD qq 24 wut _“ . 1woy- aM er fai 4 gover) by tas dp Dewaaring salaia te Sade» —> Unteinas ana Ruttinal Beowgmtes of Stabe Yeo economics gh Sere sututt fecauw of cinerea dio the hoak @ produce Mie) Maulal hes dsatfte | Woe Cosmromier gh Aang Stade Protrchion unl dan Engh and eliinel Clones . 1+ Tike Ecomomier ; Tuteral ecorouia Aefor (Yu cconowln Gh dn production Cah walled accu el, “Pew stew when Gr expan HC re ard beens OCeu os a Se ee ee eR Phoduckiin , Scanned with CamScanner@ J Mameyslal [Ono = 3 reek quabfied maaungte " ue function 5 marteete ftaaner , Phoduclin » hares “sow ‘ ' CuncME nad Prcbemtowal Way « ¢ lowe lu mer Matheftem @tpaunbe Hee fie ~~ ts handy each of et pewonnal sureuycn and — ottiou dun Lpectaiiaor — enue niu win vom Cott Bh PAoducln cia “We Lows 21mm « by Commsstet a CConemnter: rly Wan action of bupins sta malig and Olkiy opeating Cupp bu waptd ond the Volruns pak ta, Pee Yo Vorreper. curd Salhi uate as byes and been wit Pe A cack timnackion alo ge the coultl be sas fun Has Pho castsensuk, ‘ ~4alion and Stan (ya mtd wil rad dower Cok aud dvoeatred prohih ; ¢) Finawctat Eoonomier : ae ot feos en Ce dit faci hom nancial Cee po Re Capital capendetin -A foun das Loy & He Lpenanctad alee tire while oaduckay, aw ows & i A) Techudcal Etomorniu; Dnerman dn te Acode off | Produce Betoun whan Hun Aophisteat | ; te wodlabl aud Hw fitum tin a Pobilion be = ue. hin qalttted Leclucical mar pourer te mate we wii Aguowu-Bu- Oo pet ust Aubslaulzally . 6) Maxkeling Economies bgp etis Pits os Lang ab\erd le vasentaion og fall fPdaed nrarkeling depart nas B pte Uw sutalid bor Aovign ch cunk ower Lusworys , adwulinrng mnaosal, Prowolti. Coup ain 1 bana beg Sale asd monceling Mahl, sulla a hoeing Larictig on Phoduct and to You LOW Can Scanned with CamScannerx. DB) Rise - peartng coonomda: Hux ie Rowth duty BG dh de fin tun be do Grae dia Hes sie ali - Sontag te ote wits Hla Lnkuneance Comp Has Heat reel oe hse ste 40 that — “tHe a fim Cau —_— 5 ly OME 5 stag dell aap gah “HH AE = “they purchas 289 maliitalr from teu Aone é Product = mae Rey, deal cio a cane oe he Doser by He pret fiom Hu Ace 0 WAAR ound pubsnatad actin > “To a aerate romp food x fat ok Casinin ee cape Sa fey utaed Mr te Produce and soll ad ° = 4 Pan product fou te bear gis Cot pelew meninnr quack, uel h) Gconomier dosrqe, Dimeston : Scale Phodetiy bt tze ploul- fx caquind be bate advantage bag A Plows Pre oquip mnt : . Pollan Au volun 6 dncaned by WOO ee matealal Inquirrd will 20 Crake only by two- Hind — Tecbunt cal aconomia av avarlabl from pede. Caprcued wrote of Production prorerte, at whe de produch ade Atandandéte J an *) Economie ch Remarele |-Deoctopmant » ond ZO py puted one Bevel Annevaltie. Product thai S05 og Red bow 4 Cope wlth LompelTltn Globally Scanned with CamScannerCaxtestuad Economic : @ Eulinal ecohonia sober te alt sty flan, da He duoduaty , becaun Gh qxewth ch He Srduutiy a4 whale Leroume oh growls gq aunctllauy Pndealize hd watt Loo We Dower te com oh Poducl&n and thee by Gn Ouasing He Phobttabtlely . 1. Roonomies of Canesucidlion + Breau alt ha vet or docated ot ou place, ab as dexaly Hae shu Sy be DL cinpeasiiiaclin cin hau of appronch onde , “Dawa pedtaliin | fact Udr sudlway Jeng od 40 on, banting | rd commun’ calor fatkla , aol ability Settled dade and such frelai . sean 7 a nee ee thee cout) ana aloe He benehili & uncer « counmen taciltly te thax 3 & etn VYoluable yaltunc marezal of commer dnlBrt - 3 be Comman afleta, GQ wep, Bee CM 3 Reonemis = commun kal, Buch os Cauteow y da dutiod Let ae a Bro and cortege - enrpley ee ee tae oon y wrt cae be wyd dn tome by hopes Cost —frualysis s ia mamogatel ecomemtir aa dtl pw ns prepress ot waluattd an tiny of dtur ced cud guvuuer . To Kno WHE CoM oy i be etawewd , dk Ho mca te ndeurarr 4 ‘cost? Gots Ba expound? lay Cineusy.d [Spent te produce a Pee ee Cadets nates Scanned with CamScannerCoie analysis da te be pabaured by Cote acteciany ee meltiods cd PAncedurn . : ¥ Cost G_ Poinduction cincludes Cote of staco malical , abou ang ott, Cpe . do hie ts He Voted con Ce) he amouur wibtch we taut otoceturd fet Mle Aerbe j ee 4a called Totot Revemme (TR) - ae Th dihRernee between Wr total Cat aud Hee “oka otumenus as cabled an prchit CTR Te = profit] * Total ote ghoul) pkg han tal coat *: Ceti may be . oraugtbl Come Comensth Cott Coutepta an neomekary a” non monetary br Tawa) VOL Cental Lot clear Le Ackil q Opperteee Cor: Nett rhe achat expenidttcon Apewr fe (prot ng) Product oo Product . oa. Coat of Kaw materials | Woo Dultiest | eet ec OpreAberS. “He suuemiee Cored by Aeleeting gw otliveats Hatin thou curodticy { 7 % Mee ecm beuwht oh evant ag oh Wu ena tei ae Oh Ure bee ober eu g. Fiud and Vartabl i ou tte Coumpoutect g Total Cost - Feud The Coyle — welhle on Peed ob Constr te Me Air omun Scanned with CamScannerA Teka cone do not caus wibtiy a Change So Vole OL Products bug Vaud per uwdt oh Aplus % GQuaty Hu totat Production, Quay St the heed Ce Per Uukt Utce Vera. Vastiable : the Cott Hat Vay cult ila Veta of Pheductign . Fetal Vartable nie dix cSly proportzonal bette Volume of Produckinn . 3 Aveage © Moaginal Lok se Gd & Coe ew pt (8) - Te rk ney OF og Merging Oe dy He addi nat Cos lat ae Apent phan Puy da a Addin WG Hu oda y Out pur Brust oh qrode | Hu addeltonat — Gott Apeut fot Pro danclag addline Undt - H Shave stun G4 ong stun Cont: Boston. Hin Ceti aged Un ey VY and vahun Med plat ond Copftar ep ilpmar unains Wee ous dong sums fa cotta witch way Vv wit oteput aU hapa pecteu | e' feud ary Vay « - Tuapiert [Boot | tmpttd Cour Y Expltere ] Out - of -Poeker Cott: Ampere > Te cof hich do not dequte Current Cash dotal cat (Te) by Total expendi lude - Qu, Deparctedten, Gutiuw en owan's mory te. oe Sxpleeet Al Gost, Rot fovelur Cort Pay mer Scanned with CamScannerfun Wo 8 Li falar , Made by un We eur Aiden wee expe Le HaleRcod Coke Repdeument Cott VE EN ee pat Renlacement corti ase hare coe HE A : ay te ayer woe We be Mf 5 Csanaty alge a CO at Laue beet fy Hiatt Catt a OE ot ss se ae ee bad vite Welotess aS qa, [evanclal Arete — bare VA Conte. Past Coit, os Fubar toes : - wor tyre been Apt abuaby ta aes , fer aren one ae calle) a commilted Conte of \euloticgl coe toufiotkd of winindsed See a : tay Hee fen Pulte cots styge Cowes har wlll be Spear cin “ 4 vind Kou, te ball ajcenkaSiued non? « “Youn Cann be Cease by Konda d conten & adept coulic « Sapoatle Genki va Tefne tects Re coi hich Cau be Waced ot Pdenbe fed diecly wen, co Paskicules curt , daparruaut , °A procter Of Phd ete.» axe Cold Sptrabh coi a ditect cote - peed prodaction proc, Seoul produce tne | te HM Ae Lommen photos Api - off AAS ude 1 Se the weln impor g . 4 \ , te: wae ae mowat eg, a yu ma “hs ane fret Kerosten, Petalemn by - Product Suck a ee , dae, tue slick have aye Ce caur gale Value cig Hee warner Scanned with CamScanner OA LOnn Acceauainy Cok VA Eeononic cat : Actas cont aefeu e usbat ate secorded ay ¢ x perses din eb oh ac Combing oecedy Etononis aud wuunagne Accopit that mpi gpa Hak at nor ac cerded cin Va Pettpsuabls com: Z an puck as daw radial | Hie ate olan igen’ : Hooke Co . uypat cok me thot puitain He Plodu C854 ond Som + we Peel nha & warding hae CH, ode Certain Gti Buck as * a but deny ound 0 fot ushich Cau ov ntne ofyt Post pened, do net offer ef 4 Of te —fartety . 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