Recipe adjustment involves changing the yield of a recipe while maintaining the correct proportions of ingredients. The Factor method is a common technique used for this purpose.
The Factor method works by calculating a scaling factor. This factor is determined by dividing the desired yield by the original yield of the recipe.
Let $Y_{desired}$ be the desired yield and $Y_{original}$ be the original yield.
The scaling factor, $F$, is calculated as:
$ F = \frac{Y_{desired}}{Y_{original}} $
Each ingredient's quantity in the original recipe is then multiplied by this factor $F$ to get the new quantity required.
New Quantity = Original Quantity $\times F$
This ensures all ingredients are scaled proportionally, adjusting the recipe accurately.
Therefore, the Factor method is the correct technique for recipe adjustment among the given options.
For the following two statements of Assertion (A) and Reasoning (R) suggest the correct code:
Assertion (A): Low initial price regarded as the principal means for entering into mass market for some new products.
Reasoning (R): Firms generally enter into production of new products with excess capacity of the plant initially.
Code:
Indicate the correct code from the following types of the long run average cost curves on which the minimum average cost of production in long run can be determined:
(i) Long run average cost curve under normal production function
(ii) Long run average cost curve under linearly homogeneous production function
(iii) Planning curve
(iv) Envelope curve
Choose the correct answer from the code given below :
Which of the following is not an attribute of production function?
Which of the following is an example of non-durable goods?
What is constant along an isoquant?