Naming Inorganic Compounds; Some Simple Organic Compounds (Sections) Draw the structural formulas for three isomers of pentane, C? H? . 5? 12?
June 9, 2016 Chapter 6 – Production Producers pay attention to (a) Production technology – a production function (b) Cost and spending constraints – a cost function (c) input choices A production function describes the greatest output a firm can obtain from any combination of inputs: Q = f(K,L,M…) K= physical capital (dollar investment) L= labor M=materials Economic Time Horizon -The short run is a period of time short enough that at least one input is fixed. (We are constrained by our least variable input.) -The long run is a period of time long enough that all inputs can be varied. Short run production -For a two input production function q = f(K,L) we think of K as being least variable, so K is fixed and L is variable. -total