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This is the law that represents the consumer equilibrium when they have more than one of a product. The customer will slowly want the item less the more of it they get.
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∙ 9y ago
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Is an arithmetic mean a weighted mean or a weighted mean an arithmetic mean?
The arithmetic mean is a weighted mean where each observation is given the same weight.
How much the marginal lands in Africa?
what do you mean by marginal lands?
What do you mean by Marginal Probabilities under statistical dependence?
What do you mean by Marginal probailities under statistical dependence
How do you get weighted mean?
A weighted mean is when some values contribute more than others. In order to calculate weighted mean multiply each weight by its value, add those and then divide by the sum of the weights.
The weighted mean is a special case for?
The weighted mean is simply the arithmetic mean; however, certain value that occur several times are taken into account. See an example http://financial-dictionary.thefreedictionary.com/weighted+average
Weighted mean sample problem?
weighted mean is getting the weighted average of students. normally, it is always use in computing the general average of the students to determine the ranking of the whole class.
The weighted mean is a special case of the?
Geometric mean
What do you mean by Linux Utilities?
utilities is nothing but predefined commands in linux
Is it the arithmetic mean or weighted mean that is more accurate Why?
The arithmetic mean and the weighted mean are used in different situations. The arithmetic mean is used in frequencies as a general average. The weighted mean is used when different factors contribute to some kind of total for example with weighted index numbers. It is not a matter of accuracy it involves using the right mean in the right situation. Almost always (if not always) a question will specify which mean to use.
What are increasing marginal returns?
ncreasing marginal returns mean that marginal product is greater for each subsequent unit of a variable input than it was for the previous unit. Decreasing marginal returns, as such, mean that marginal product is less for each subsequent unit of a variable input than it was for the previous unit.
What is the definition of 'weighted mean'?
"Weighted mean" is the average calculated by taking into account not only the frequencies of the variables but also some other factors such as their variance.
What does profit maximizing quantity of output mean?
Its the level of production where marginal cost is equal to marginal revenue.
