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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.
Who was the guys name responsible for the development of the Communist economic theory?
Karl Marx
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
Differences between modern and traditional theory of cost?
The differences between modern and traditional theory of costs relate to international trade. Traditional theorists thought that there should be a separation from internal trade and internal relations while modern theorists felt the terms were the same.
Who is accredited with the development of the atomic theory?
The development of the atomic theory is primarily attributed to the ancient Greek philosopher Democritus. He proposed that all matter is made up of tiny, indivisible particles called atoms. His ideas laid the foundation for modern atomic theory.
Is john Dalton a scientist?
Yes, John Dalton was an English chemist, meteorologist and physicist. He is best known for his pioneering work in the development of modern atomic theory, and his research into color blindness.
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.
What is the most modern theory of light?
The most modern theory of light is the quantum theory.
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 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.
