Graphically bounding the production set for fixed input quantities, the PPF curve shows the maximum possible production level of one commodity for any given production level of the other, given the existing state of technology.
12.
In this context, two things are assumed constant by definition of the short run : the availability of one or more fixed inputs ( typically physical capital ), and the number of firms in the industry.
13.
Conventionally, economists use models with two inputs : capital, K; and labor, L . Capital is assumed to be the fixed input, meaning that the amount of capital used does not vary with the level of production.
14.
If activity is not a fixed input ( and if human beings are the makers of history at the same time that they are products of it ) emotions are not explainable entirely in terms of their preconditions.
15.
*An output-oriented fishing capacity is defined as the maximum catch a vessel ( fleet ) can produce if inputs are fully utilized given the biomass, the fixed inputs, the age structure of the fish stock, and the present stage of technology.
16.
The random variable representing the running-time of probabilistic-RAM'_ { k'} is fully specifies by the running-time RAM _ k ( on input y ) . ( Here again we refer to the behavior of RAM'_ { K'} on fixed input and a randomly chosen oracle function .)
17.
The circuit transitions sequentially through all three states as the voltage level of the control signal, Control, falls from an initial voltage that is greater than the fixed input voltage V3, to the second state in which Control is between the voltage of the fixed input voltage V3 and the fixed voltage V2, to the third state in which Control's voltage is less than fixed voltage V2.
18.
The circuit transitions sequentially through all three states as the voltage level of the control signal, Control, falls from an initial voltage that is greater than the fixed input voltage V3, to the second state in which Control is between the voltage of the fixed input voltage V3 and the fixed voltage V2, to the third state in which Control's voltage is less than fixed voltage V2.
