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Also known as a scale line in economics, an expansion path refers to lines connecting the best inputs during production expansion. The producers use this path to sell more at the cheapest prices possible to increase production rates.
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What is the Difference between Income consumption curve and expansion path curve?
income expansion curve The ICC is a line that is formed when many indifference curves are seen and their attainable points are plotted. The line that is formed by connecting these points is the ICC. The expansion path is the same concept, but for isoquants. Isoqants being the two inputs that are needed in production. indifference curves are from consumer theory that a person has to choose between two goods.
What is the difference between diversification and expansion?
expansion
Will expansion of world trade in the future be similar to that in past?
of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.
What played a significant role in economic expansion?
What played a significant role in economic expansion?
What is the social cultural economic and political impact of expansion of rural settlements on the environment?
That's contraction and not expansion
What is expansion for OSPF protocol?
Open shortest path first
Did the first expansion slots on early PCs have a 16-bit data path and ran at 8.33 MHz?
No. The first expansion slots on IBM PCs (and compatibles) had only an 8-bit data path, and ran at 8 Mhz.
Is the firm's expansion path always straight?
The long run expansion path of a firm will not be linear when for higher levels of outputs the optimal mix of labor and capital changes. This causes the Isoquant's slope to be different at each level of output and makes the expansion path bend.Whether this exists in real life or not, I don't know. I can think of an example though. For smaller scale operations a different "type" of capital could be used that requires more labor to be utilized. Maybe a small landscaping company choses to use shovels for a small project and a backhoe for a larger project, which requires less labor.For the short run capital is fixed, so in that case the firms expansion path will always be linear.hope this helps.
What is the Difference between Income consumption curve and expansion path curve?
income expansion curve The ICC is a line that is formed when many indifference curves are seen and their attainable points are plotted. The line that is formed by connecting these points is the ICC. The expansion path is the same concept, but for isoquants. Isoqants being the two inputs that are needed in production. indifference curves are from consumer theory that a person has to choose between two goods.
I have already installed the original Diablo 2 so I tried to install the expansion set but when it opened it said that Diablo 2 had to be installed first how do I fix it so that I can install it?
One thing to try is to make sure that you installed the original game in it's default path. Because the expansion looks down the default path and if it doesn't see the original game there, it assumes the original is not yet installed. This may be the reason, I can not be positive though.
What did Abraham Lincoln do about the economy?
I believe he focused on Railroad & rail development & expansion which helped the economy by making interstate trade & commerce expand more efficiently,and set the bridge from the mid 1800's to the industrial revolution which set the US economy on a path of industrial expansion that would become the envy of the world,
How did the expansion of conquered people affect Rome's expansion?
The expansion in the number of conquered people did not affect Rome's expansion because it was the product of her expansion.
In Chinua Achebe's Dead Man's Path the most important function of the footpath turns out to be?
The most important function of the footpath in Chinua Achebe's "Dead Man's Path" is to connect the villagers with their ancestral burial ground. It represents the cultural and spiritual beliefs of the community, and its disruption by the school's expansion leads to a clash of traditional and modern values.
What is MBBS expansion?
expansion of MBBS
What is expansion of E.R.P.?
What is expansion of E.R.P
What is expansion of UNIVAC?
Expansion of UNIVAC is
What is expansion of liquid?
expansion of liquids
