The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
The type of relationship that you postulate between short-run and long-run average cost curves that is not U shaped is the external limiting relationship.
The supply and demand curves are fundamental concepts in economics that illustrate how the price of a good or service is determined in a market. The demand curve shows the relationship between the price of a product and the quantity consumers are willing to purchase, while the supply curve reflects the relationship between price and the quantity producers are willing to sell. The intersection of these curves indicates the market equilibrium, where the quantity supplied equals the quantity demanded. Changes in external factors can shift these curves, affecting prices and quantities in the market.
what kind of relationship would you postulate between short run and long run average cost curves when these are not u shaped as suggested by the modern theories.
The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.
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The type of relationship that you postulate between short-run and long-run average cost curves that is not U shaped is the external limiting relationship.
The supply and demand curves are fundamental concepts in economics that illustrate how the price of a good or service is determined in a market. The demand curve shows the relationship between the price of a product and the quantity consumers are willing to purchase, while the supply curve reflects the relationship between price and the quantity producers are willing to sell. The intersection of these curves indicates the market equilibrium, where the quantity supplied equals the quantity demanded. Changes in external factors can shift these curves, affecting prices and quantities in the market.
what kind of relationship would you postulate between short run and long run average cost curves when these are not u shaped as suggested by the modern theories.
what kind of relationship would you postulate between short run and long run average cost curves when these are not u shaped as suggested by the modern theories.
Relationship between Lorenz curve and Gini coefficient is the more the Lorenz line curves away from the line of equality, the greater the degree of inequality represented.
Two curves which intersect at right angles, ( the angle between the two tangents to the curve) curves at the point of intersection are called orthogonal trajectories. The product of the slopes of the two tangents is -1.
Curves and levels are both tools used in data analysis and visualization, but they serve different purposes. Curves are used to show the relationship between two variables, typically by plotting one variable against the other on a graph. Levels, on the other hand, are used to represent the magnitude or intensity of a single variable across different categories or groups. In essence, curves show the relationship between variables, while levels show the distribution or variation of a single variable.
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Cassandra curves, also known as Cassandra's curve or the relationship between a variable's cost and its output in economics, typically refer to the graphical representation of the trade-offs in production or resource allocation. However, if you are referring to a specific context or a different interpretation of "Cassandra curves," please provide more details for a precise answer.
Concave curves in (like a cave) = ) and convex curves out = (
The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.
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