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Why does the marginal cost curve correspond to the supply curve?
A perfectly competitive firm's supply curve is that portion of its' marginal cost curve that lies above the minimum of the average variable cost curve. A perfectly competitive firm maximizes profit by producing the quantity of output that equates price and marginal cost. As such, the firm moves along it's marginal cost curve in response to alternative prices. Because the marginal cost curve is positively sloped due to the law of diminishing marginal returns, the firm's supply curve is also positively sloped.
A Is the market supply curve for a product more or less price elastic than the supply curve of one of the firms in the market Why?
The market supply curve of a product is more price elastic than the supply curve of one of the firms in the market. The reason is that for any given price change, the market quantity response reflects the change in output of all the firms in the market.
Why would you expect firms that set price to do so in the elastic portion of their demand curve?
I'm having trouble finding a descent response
What is the long run aggregate supply curve?
The graphical relationship between RGDP and price level after input prices have been allowed to adjust in response to changes in output prices.
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
What is the curve that you see at the liquid's surface?
The meniscus is the curve at the liquid's surface. It is produced in response to the surface of the container or another object.
What kind of does response curve indicates there is no safe does of radiation?
non-threshold
Drawbacks of constant k type filters?
Drawback of the constant K type filter is that at the cut of frequency , its attenuation is a steady curve .. quick response is lacking in it an ideal filter should have a sharp response curve.
A negative babinski reflex is?
the toes curve inward and the foot everts Or no response !!
What is the purpose of determining frequency response?
frequency response curve helps us to find the bandwidth of particular amplifier circuit. Bandwidth is the range of frequency at which the amplifier works better....
Definition of half-power frequency?
The frequency on an amplifier response curve which is greater than the frequency for peak response and at which the output voltage is 1/√2 (that is, 0.707) of its midband or other reference value.
What is the scientific meaning of the phrase 'frequency response'?
The scientific meaning of the phrase "frequency response" refers to a curve used in physics or engineering to represent the output to input ratio of a transducer as a function of frequency.
Why does the marginal cost curve correspond to the supply curve?
A perfectly competitive firm's supply curve is that portion of its' marginal cost curve that lies above the minimum of the average variable cost curve. A perfectly competitive firm maximizes profit by producing the quantity of output that equates price and marginal cost. As such, the firm moves along it's marginal cost curve in response to alternative prices. Because the marginal cost curve is positively sloped due to the law of diminishing marginal returns, the firm's supply curve is also positively sloped.
What is -3db bandwidth?
Bandwidth is typically measured from the two -3dB points on each end of the response curve. You find the two points where the response is -3dB (half power) and measure the distance between them. That is your bandwidth.
A Is the market supply curve for a product more or less price elastic than the supply curve of one of the firms in the market Why?
The market supply curve of a product is more price elastic than the supply curve of one of the firms in the market. The reason is that for any given price change, the market quantity response reflects the change in output of all the firms in the market.
Why would you expect firms that set price to do so in the elastic portion of their demand curve?
I'm having trouble finding a descent response
What do you understand by bandwidth of a parallel resonant circuits?
The bandwidth of a resonant circuit is defined as the distance between the two -3dB rolloff points in the response curve.
