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The word "bumper" in this context comes from a usage that means "something unusually large", [1] which is where this term comes from. [ 2 ] Though very productive harvests often have positive implications for the producer, a bumper crop can also be a source of problems, such as when there is insufficient storage space ( barns , grain bins , etc ...
In 2006, it was reported in a study [23] by Jon Gettman, a marijuana policy researcher, that in contrast to government figures for legal crops such as corn and wheat and using the study's projections for U.S. cannabis production at that time, cannabis was cited as "the top cash crop in 12 states and among the top three cash crops in 30". [22]
This is a list of production functions that have been used in the economics literature. Production functions are a key part of modelling national output and national income . For a much more extensive discussion of various types of production functions and their properties, their relationships and origin, see Chambers (1988) [ 1 ] and Sickles ...
In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. One important ...
the so-called real price of production, which Marx himself defines as the price of production for the commodity produced and sold by an industry plus commercial profit on re-selling the commodity (warehousing, distribution and retailing etc.). [35] the so-called market production price. "This production price... is determined not by the ...
All other inputs to production are called intangibles in classical economics. This includes organization, entrepreneurship, knowledge, goodwill, or management (which some characterize as talent, social capital or instructional capital). Many definitions and descriptions of capital goods production have been proposed in the literature.
A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that ...
Wire-grid Cobb–Douglas production surface with isoquants A two-input Cobb–Douglas production function with isoquants. In economics and econometrics, the Cobb–Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs (particularly physical capital and labor) and ...