A microlens is a small lens, generally with a diameter less than a millimetre (mm) and often as small as 10 micrometres (Âµm). The small sizes of the lenses means that a simple design can give good optical quality but sometimes unwanted effects arise due to optical diffraction at the small features. A typical microlens may be a single element with one plane surface and one spherical convex surface to refract the light.
Definition of PRODUCTION CURVE. : a curve plotted to show the relation between quantities produced during definite consecutive time intervals.ADVERTISEMENT.his word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis.
Cost of production is simply the sum of the costs of all inputs used in production. Production Costs = Costs of Inputs. Production in the Short Run versus Production in the Long Run. In the theory of the firm the distinction between short run and long run is not necessarily based on the length of time.It is rather based on the degree of the variability of inputs.n economics, the factors of production used by a firm in the production of a good or a service are generally referred to as inputs. What a firm produces is called output. A firm has to pay for the inputs it needs. Therefore, inputs, on the one hand, generate costs and, on the other hand, generate output.