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How do you find the slope of an Indifference curve?

You find the tangent to the curve at the point of interest and then find the slope of the tangent.


Is the price elasticity constant along the demand curve?

Price elasticity of demand is equal to the instantaneous slope of the demand curve, or the slope of the tangent line at any point on the demand curve. So if the demand curve is represented by a straight downward sloping line, then yes, price elasticity of demand is equal to the slope of the demand curve. Otherwise, the slope at any point on the curve is changing, and you can find the it by taking the derivative of the demand curve function, which will find the Price elasticity of demand at any single point. Thus, the Price Elasticity of Demand changes at different points on the demand curve.


How can one calculate marginal revenue from a demand curve?

To calculate marginal revenue from a demand curve, you can find the slope of the demand curve at a specific quantity using calculus or by taking the first derivative of the demand function. The marginal revenue is then equal to the price at that quantity minus the slope of the demand curve multiplied by the quantity.


What is the slope of a curve?

Slope of a Curve A number which is used to indicate the steepness of a curve at a particular point.The slope of a curve at a point is defined to be the slope of the tangent line. Thus the slope of a curve at a point is found using the derivative


Difference between learning curve and experience curve?

difference between leaning curve and experience curve

Related Questions

What is social ramification?

Social ramification is the collection of effects from certain actions and deeds. Unlike a regular ramification, they affect an entire society.


What is the difference between implication and ramification?

The difference between implication and ramification is in their meanings. Implication is the consequence expected as a result of an action while ramification is a consequence that develops and aggravates the situation.


How do you find the slope of an Indifference curve?

You find the tangent to the curve at the point of interest and then find the slope of the tangent.


How do you find the slope of a graph if it is a curve?

You find the slope of the tangent to the curve at the point of interest.


What is a ramification of tooth decay?

inability to swallow


What is a sentence with the word ramification in it?

One of the ramifications after my mom changed job was that she came home really late at night every day.


What is a synonym for the word ramification?

Repercussion


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.


What are the ramifications of psychology of command?

the legal ramification of Psychology of command?


A sentence with the word ramification?

One ramification of the change in programming is that fewer students are allowed time in the gymnasium.


What is the etymology of the word ramification?

Ramification, literally, is first recorded 1677, from French.; transformed as sense of "outgrowth, consequence" first recorded 1755. Latin 'ramus' = branch and 'facere' to make


What are the legal ramifications of psychology of command?

the legal ramification of Psychology of command?