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Under perfect competition is average revenue curve elastic or inelastic?
Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might
How does the word curve differs from bend?
"Curve" and "bend" are sometimes used to mean similar things, yet both words have slightly different applications. "Curve" usually describes a smooth, even arching of a line. It often refers to something intentional (usually "bend" is used to describe something which was done accidentally such as in "I bent the hood of my car"). "Curve" is usually not used as a verb, whereas "bend" usually is. Example: "He bent the iron bar". Curve is used more often as a noun. Curve and bend can be used to describe similar things under limited contexts such as "There was a bend (or curve) in the road".
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
What is a perfectly inelastic supply curve?
A perfectly inelastic supply relation would be defined as one where the quantity produced remains static under any price change. If we'd plot this curve in the familiar demand-supply framework with price being on the y-axis and quantity on the x-axis, the curve would be vertical.
What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
What does The area under the force vs displacement curve represent?
Work done by the force.
How does 1 sigma represent 68.8 percent of the total area under a normal curve?
1 sigma does not represent 68.8 percent of anything.The area under the standard normal curve, between -0.5 and +0.5, that i, the central 1 sigma, is equal to 0.68269 or 68.3%.
What is the significance of the area under the curve on a current v voltage graph?
This value would represent the value for Power
Do all solutions to each equation represent the length of side of the square?
Of course not! The solution to some equations could represent the area under a curve, or the volume of some shape, or the rate of change in something.
Is in the normal distribution the total area beneath the curve represent the probability for all possible outcomes for a given event?
Yes. The total area under any probability distribution curve is always the probability of all possible outcomes - which is 1.
He area under the standard normal curve is?
The area under the standard normal curve is 1.
What I helps you to find the area under the curve?
If this is on mymaths.co.uk then the answer to this question is: Integration. That is how to find the area under the curve.
The area under the normal curve is greatest in which scenario?
The area under the normal curve is ALWAYS 1.
What wii be the area under the curve of a force - displacement curve?
WORK
What is the total area under the normal distribution curve?
The area under the normal distribution curve represents the probability of an event occurring that is normally distributed. So, the area under the entire normal distribution curve must be 1 (equal to 100%). For example, if the mean (average) male height is 5'10" then there is a 50% chance that a randomly selected male will have a height that is below or exactly 5'10". This is because the area under the normal curve from the left hand side up to the mean consists of half of the entire area of the normal curve. This leads us to the definitions of z-scores and standard deviations to represent how far along the normal curve a particular value is. We can calculate the likelihood of the value by finding the area under the normal curve to that point, usually by using a z-score cdf (cumulative density function) utility of a calculator or statistics software.
What is the area under the standard normal curve?
the standard normal curve 2
How is definite integral connected to area under the curve?
If the values of the function are all positive, then the integral IS the area under the curve.
