Answer :
Final answer:
The production yield can be expressed in different units such as percent yield, units, kilograms, or liters, and relates to the efficiency of the production process within a plant.
Explanation:
The production yield of a certain manufacturing plant can be quantified in various units such as percentage, units, kilograms, or liters, depending on what is being produced. To determine the production yield, we calculate the percent yield, which is a measure of the efficiency of a production process. The percent yield can range from 0% to 100% with 100% indicating an ideal scenario where the actual yield perfectly matches the theoretical yield. In the context of economies of scale, as production increases, the average cost of production may decrease, resulting in production plants achieving lower average costs due to scaling up their operations. However, once an optimal level of production is exceeded (e.g., 150 in the provided figures), the average cost of production may not decrease further despite increased production capacity.
Considering production technology and workforce, varying the number of workers and machines affects the production output and subsequently the production yield. For instance, Production technology 1 with 10 workers and 2 machines might have a different yield compared to Production technology 2 with 7 workers. The evaluation of production yield also involves the consideration of input to output ratio as exemplified by the case where 200,000 L of input leads to a production output of 250,000 L.
