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What does a point inside a production possibilities curve represent?
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
What do the points on a market supply curve represent?
Each point on a market supply curve denotes basically the same thing. Each point on the curve corresponds to the supply of something, but at a specific or given price.
What do all points on the production possibilities curve represent?
Exactly what the name suggests. All possible combinations of output of both goods for a given level of inputs.
6 If the average total cost curve is falling what is necessarily true of the marginal cost curve If the average total cost curve is rising what is necessarily true of the marginal cost curve?
When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve.
How is a perfectly competitive firms marginal cost curve related to its supply curve?
a perfectly competitive firms supply curve will be the portion of the marginal cost curve which lies above the average variable cost curve (AVC)..this will be due to the firms unwillingness to supply below the price in which they could cover their variable costs
What does any point above a solubility curve represent?
Unsaturated solutions - more solute could be dissolved at the temperature. The solubility curve indicates the concentration of a saturated solution- the maximum amount of solute that will dissolve at that specific temperature. Values below the curve represent unsaturated solutions - more solute could be dissolved at that temperature. Values above the curve represent supersaturated solutions, a solution which holds more solute that can normally dissolve in that volume of solvent.
What does a point inside a production possibilities curve represent?
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
What do the points on a market supply curve represent?
Each point on a market supply curve denotes basically the same thing. Each point on the curve corresponds to the supply of something, but at a specific or given price.
What information does the graph of a function provide with respect to the algebraic equation?
The coordinates of the points on the curve represent solutions of the equation.
What percent of the area of the normal curve is above and below 1.96 standard deviations ie. above 1.96 and below 1.96?
Above 1.96: 0.024998 = 2.5% below 1.96: 0.975002 = 97.5%
What is the inverted bell curve?
This is a curve representating data points that looks like an upside down bell, and it is sometimes called a well curve. It is symmetrical, and the lowest point is in the middle of the curve. See the related link below for a picture.
When was Points on the Curve created?
Points on the Curve was created on 1984-01-16.
What is a straight line that intersects a curve?
A straight line that intersects a circle or curve at two points, but which has both end points outside the circle or curve is called a secant. A straight line that links two points on a circle or curve is called a chord. A straight line which touches a circle or curve at one point is called a tangent. A straight line that cuts a circle or curve at one point is a straight line.* For moving diagrams see Related links below this box.
When a trend line is drawn on a scatter-plot there are 4 points above the trend line about how many points should be below the trend line?
The amount an individual point departs from the trend line is the important feature, not that the number above and below should be balanced. A point that is much further away from the trend line is less likely to represent the process being plotted. Each point is of course quite real, but each are influenced by measurement error, random processes within the experiment, recording (transcription) error, and so on. If most of your points lie on a smooth curve, it is more likely that an outlier is subject to error.
What types of individuals in a population are represented by the two ends of a bell curve?
The individuals with extreme variations of a trait.
What is the difference between a linear curve and a parabolic curve?
a linear curve does not represent x^2
What do all points on the production possibilities curve represent?
Exactly what the name suggests. All possible combinations of output of both goods for a given level of inputs.
