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What are the statistical tools under parametric?
statistical tools under parametric
Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Metal songs with the word under?
Under the Sun by Black Sabbath Under the Oak by Candlemass Under the Rose by HIM (marginal metal)
When marginal revenue equal to marginal cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
When marginal revenue equals marginal cost?
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
What is the land holding criteria of marginal farmer?
Land shuld be under 1 ha
Is the area under the marginal cost curve equal to the total variable cost?
yes
Why marginal cost go decrease in initial phase under perfect competition?
Since, in a perfectly competitive market, prices are fought down to Price = Marginal Cost, the only way to make a strict economic profit is to lower marginal cost.
What are the conditions under which you can expect to be able to use a binomial distribution to model a probability distribution?
Two independent outcomes with constant probabilities.
State the arguments for using marginal costing approach in routine accounting?
- The Marginal costing technique is appropriate for decision making as it highlights those costs (and revenues) which will change as a result of the decision under review being put into effect. - As fixed costs are mostly overheads, and, under marginal costing these are all treated as period costs and charged into the income statement therefore marginal costing avoids arbitrary allocation of overheads to units of output. - Reporting profit on a marginal costing basis will be more closely relates to changes in sales volume and are less affected by changes in inventory levels. - An understanding of the behavior of costs and the implications of contribution is vital for accountants and managers as the use of marginal costing for decision making is universal.
What are the probabilities of breeding a seasonal Dragon in DragonVale?
Using the most common breeding combination, fire + willow, the probability is just under 13%.
What does it mean to say that the trials of an experiment are independent?
When we say that the trials of an experiment are independent, it means that the outcome of one trial does not affect the outcome of any other trial. In other words, the results are not influenced by previous results, and each trial operates under the same conditions with the same probabilities. This independence is crucial for many statistical analyses, as it allows for valid conclusions to be drawn from the data collected.
