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What is modern theory of cost of production?
the traditional theory explains cost curve u shape, but in modern theory says that cost curve L shape
What is the cost-plus-markup theory?
Cost-plus-markup theory is the theory that business firms calculate their unit costs and add on a percentage markup.
Explain Theory of absolute cost advantage by propounded by Adam smith?
explain theory of absolute cost advantage as propounded by Adam smith
What is the modern theory of international trade?
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
What is the pragmatic approach to demand analysis?
recent development in the theory to demand analysis
What is modern theory of cost of production?
the traditional theory explains cost curve u shape, but in modern theory says that cost curve L shape
What is modern theory of cost?
Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.
What was Lavoisier's contributions to the development of the modern atomic theory?
Antoine Lavoisier was a French nobleman and chemist. His contribution to the development of the modern atomic theory was his idea of the possibility of an Atomic Mass.
Louis Pasteur proposed the what which was critical to the development of modern medical practices?
The germ theory
What was john Dalton remembered for?
John Dalton was BEST remembered for his pioneering work in the development of modern atomic theory.
Differences between modern and traditional theory of cost?
Modern theory of cost emphasizes concepts like economies of scale, cost minimization, and cost efficiency through technological innovation. Traditional theory of cost focuses more on fixed costs, variable costs, and total costs without much consideration for factors like economies of scale or technological advancements. Modern theory also considers long-run costs and the impact of competition on costs, while traditional theory is more focused on short-run cost analysis.
Who is considered father of modern education?
The father of modern education is often attributed to Johann Heinrich Pestalozzi, a Swiss educator who emphasized the importance of individualized instruction, hands-on learning, and the holistic development of children. His methods influenced the development of modern educational theory and practice.
Who was the first educator to propose a theory of child growth and development?
Jean Piaget, a Swiss psychologist, was one of the first educators to propose a theory of child growth and development. His theory focused on cognitive development in children and outlined the stages through which children develop their understanding of the world.
What is the most modern theory of light?
The most modern theory of light is the quantum theory.
What Is meant by modernization theory?
Modernization theory is a perspective that suggests societal progress is determined by a nation's ability to adopt and utilize modern technology and social structures. It asserts that industrialization, urbanization, education, and other modern advancements are crucial for development and economic growth in societies. Critics argue that the theory oversimplifies the complexities of development and neglects the role of historical context and power dynamics in shaping societal progress.
Who did Blaise Pascal help?
Blaise Pascal helped Pierre de Fermat in his work related to the development of probability theory which strongly influenced the development of modern economics and social science.
What was use in the development of evolutionary theory?
What type of reasoning was used in the development of evolutionary theory
