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What is the difference between variables and factors in scientific terminology?
A factor is a type of variable. Usually, "factor" is another word for the independent variable. But it can be any variable that is a part of or contributes or leads to another variable.
What happens to total revenue when prices fall and demand is price inelastic?
Inelastic demand means that the demand changes very little as the price rises or falls. If prices drop and people don't buy any more of the item, total revenue declines.
What is non-experimental research?
Non Experimental Research. Involves studying naturally occurring variation in the dependent and independent variable without any intervention by the researcher.
What is the definition of expendable income?
For the individual taxpayer or person it would be any excess amount after all taxes, bills, insurances, medical expense, living expenses, transportation expense, and amounts that should be put into the savings and retirement accounts. After you take care of all of your necessary expenses then if you have any thing left that would be an expendable amount of your net income.
Why are entitlements and interest on the national debt considered fixed spending?
Because there is no meaningful method of removing these costs. Interest on any loan is a fix expense. Salaries, which is basically what entitlements are, are also fixed expenses.
Any expense that rises or falls is a variable of?
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What is an example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
What is example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
What is describes how much a line rises or falls between any two points on that line?
ehat describes how much a line rises or falls between any two on that line
What describes how much a line rises or falls between any two points on that line?
ehat describes how much a line rises or falls between any two on that line
What is the derivative of 8x2?
The derivative of a function tells you how it changes in response to a change in a specific variable. The derivative of a linear function (like y = 2x + 3) with respect to its independent variable is the slope of the line (in this case, two): how much the line rises or falls when "x" changes by one. The expression 8x2 does not involve any variables, and thus never changes. Its derivative is therefore zero. There is no variable involved, so the result is always 16. Changing the input variable (of which is there is none) has zero effect on the answer.
Explain variable cost as opposed to fixed cost?
A fixed cost is one that will not change in total due to changes in production volume. An example would be factory rent. No matter how many widgets are produced in that factory, total rent is going to be the same. However, this means that the "per unit" cost changes based on how many widgets are produced. Variable costs, on the other hand, have a fixed per unit price, but total costs change in response to a change in volume. For example, let's say each widget requires $10 of direct labor to produce. Total variable costs is going to change based on how many widgets are produced.
Is it usual for Niagara Falls to have a rainbow?
When there is sunshine, shining on the moisture that rises from the falls, a rainbow can be seen. As the moisture rises it can also turn to water and fall as a short shower on a sunny day. The sun shining on that will also cause a rainbow. So on any good day it is possible to see a rainbow there.
What are the advantages of plotting data in graph form?
one advantage is that you could then see if there were any rises or falls in the type of data that you are collecting e.g. temperature
What are the reasons why assets depreciate?
The stock market rises and falls all the time with the value of different assets. Its an inevitable part of the economy of any country
What is the cost of fuel?
The cost of any fuel rises and falls often, so the price may be different from day to day, even hour to hour.
What is the cost of diesel fuel?
The cost of any fuel rises and falls often, so the price may be different from day to day, even hour to hour.
