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What are compensating variation and equivalent variation curves?
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What information can be gained from the light curves of eclipsing binaries?
By studying the variation of the light from an eclipsing binary's light curve, astronomers can derive detailed information not only about the stars' orbits and masses, but also about their radii.(McMillian)
What is important factor to be considered in design of summit curves?
The vertical curves at crest is an important factor to be considered in design of summit curves.
A bell shaped curve of phenotypic variation is a representation of?
continuous variation.
What is compensating plate?
Made up of plastic frame or metal in which optical elements are mounted.
What two spinal curvatures are obvious at birth?
The thoracic and sacral curves are the primary curves, as they are obvious at birth. The cervical and lumbar curves are secondary as they are modifications on the foetal position.
When is equivalent variation greater than the Compensated variation When also is compensated variation be greater than the equivalent variation?
When goods are normal, CV > EV.
Explain what is meant by compensating variation and equivalent variation?
There are three central measures of welfare in economics:-Consumer Surplus (using a "marshallian demand function) -Equivalent Variation (using Hicksian demand function) -Compensating Variation (also using Hicksian demand function) Although consumer surplus is the most common measure of welfare it is flawed - it is based on a quasi linear demand function - one in which income has no effect on the demand for the good. However if there are large income effects involved; the demand curve is no longer a simple marginal value curve but one in which the value placed on the additional unit is heavily influenced by the amount spent on prior units. The consumer surplus now has no meaning in the marshallian demand context.We want to ideally examine the effect of a price change allowing income to alter but maintaining utility at some fixed level. Therefore we must use a Hicksian demand function - one in which a price change will be matched with a corresponding change in income such that utility is maintained at some level. We can now utilise equivalent and compensating variation to examine the changes in welfare of the associated price change.Equivalent variation is the income that you need to take away from an individual to make him equivalently worse off or better off following a price change.The Compensating variation on the other hand is the amount of income you need to compensate an individual following a price change so that he remains on the same level of utility. For Equivalent variation we maintain utility at the new price ratio whereas in the case of compensating variation we maintain utility at the old price ratio.Assuming the income effect is significant enough to disregard consumer surplus as an effective measure of welfare change and also a rise in price of good 1; the hicksian demand function which holds income constant will thus be steeper than the marshallian demand (assuming normal good - if inferior the opposite is true). The hicksian demand function relating to the original price level will be associated with a higher utility than the other hicksian associated with the new and higher price. However we cannot observe utility, hence we are using these functions. The equivalent variation will be smaller than the change in consumer surplus which in turn will be smaller than the compensating variation. The intuition behind this is that for a normal good more income is required to compensate the individual for a rise in price to maintain utility than income to be taken away from an individual such that he lies on a same lower utility.
In a table if the ratios weren't equivalent would it still be direct variation?
No; each ratio has to be the same for a direct variation.
What does non compensating mean when playing the euphonium?
Compensating euphoniums are for professionals or euphonium players that are really dedicated to playing. This is because compensating euphoniums are much more expensive than non-compensating euphoniums. All compensating means is that the instrument has the further advantage of being able to play in the lower octaves using conventional fingerings. See related link for more information.
What do directional selection in disruptive selection have in common?
Aside from decreasing genetic variation they both are not normal Gaussian curves. Disruptive selection has two normal curves at either end of the distribution. Directed selection has an abnormal curve with most of the data distributed is a skewed manner from the mean of distribution.
What do directional selection and disruptive selection in common?
Aside from decreasing genetic variation they both are not normal Gaussian curves. Disruptive selection has two normal curves at either end of the distribution. Directed selection has an abnormal curve with most of the data distributed is a skewed manner from the mean of distribution.
What are the best brands for a compensating euphonium?
This can be a matter of personal preference but normally the best brand of Euphonium is considered to be a Besson Euhonium. Other really good compensating brands are York, Willson, Sterling, and Yamaha.
What are compensating winding?
compensating windings are used to overcome armature reaction
What are indeference curves?
Curves is monosyllabicPresumably no curves at all.3 curvesThoracic and sacral curves
What is the purpose of compensating plate in michelson interferometer?
a compensating plate is used in michelson interferometer to compensate the additional path difference of ray 1
What are curves on a polygon?
Polygons do not have curves.
What shapes have curves?
What shape has curves
