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What is twice as steep rule in managerial economics?
The 'twice-as-streep' rule states that the curve of the marginal revenue twice as steep is as the demand curve. Therefore, you have to multiply the variable Q with 2 to get the right MR function. Example: Qd = 100 + Q MR = 100 + 2Q
When is the LM curve relatively steep?
If money demand has low sensitivity to change in interest rate,the interest rate would have to rise by a large amount to reduce the demand for real balance back to the fixed leveli.e the level at which demand for money is equal to supply of money.Accordingly,the LM curve would be quite steep
How can one determine elasticity on a graph?
To determine elasticity on a graph, you can look at the slope of the curve. If the curve is steep, it indicates inelasticity, while a flatter curve suggests elasticity. Additionally, the price elasticity of demand can be calculated by dividing the percentage change in quantity demanded by the percentage change in price.
Why marginal revenue curve is twice as steep as demand curve in various market structure?
The calculus-free answerThink of the effect incremental increases in quantity have on total revenue. Make a simple graph with a demand curve and draw boxes representing total revenue. Notice how the total area of the box (representing the total revenue) varies as quantity increases. With a linear demand curve, as you move down the curve the box becomes larger and larger in area until you reach the curve's midpoint. This means that the MR up to this point was positive because TR was increasing. After this point the area of the box declines, this means that from this point forward the MR is negative because TR is decreasing. This is why the MR curve hits zero at half the quantity the demand curve hits zero. Hope this helps. -DVE
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
What does a steep curve on a line graph indicate?
What does a steep looks like
Does a steep curve on the line graph indicate a rapid or slow rate of change?
rapid
What is twice as steep rule in managerial economics?
The 'twice-as-streep' rule states that the curve of the marginal revenue twice as steep is as the demand curve. Therefore, you have to multiply the variable Q with 2 to get the right MR function. Example: Qd = 100 + Q MR = 100 + 2Q
Describe how to distinguish a paramagnet from a ferromagnet by m versus h curves?
A ferromagnet has a steep gradient B /H curve with very noticeable hysteresis. A paramagnet has a shallow curve with almost no hysteresis.
Does a steep learning curve mean learning fast or slowly?
Actually, it has little to do with the learner and more to do with how much there is to be learned. The steeper the learning curve, the more things one has to learn in a shorter amount of time; or the faster the increase in difficulty of the concepts to be mastered. - - - - - Additional: The metaphor "steep learning curve" originally came as a positive reference. A steep learning curve meant that one became quite proficient with a minimum amount of effort/time. It LATER came to be used in the opposite sense - as a negative reference to something difficult to learn (which actually is a shallow, not steep, curve!). A learning curve is shown as a graph of "amount of learning" in the Y axis and the "amount of time or effort" in the X direction. A relatively 'normal' learning curve would be a sloping 's' curve, with its tail starting at the lower left and progressing to the upper right where the head of the s lies. In common (technically incorrect) usage, "steep learning curve" is meant to indicate that to learn the subject/technique takes a long time and is difficult. Best 'pic' I can make with this limited editor (ignore the ·∙∙ ): Proficiency |∙ ·∙∙ ·∙∙ ___100% |·∙∙ ·∙∙ X |∙ ·∙∙ X·∙∙ ·∙∙ ·∙∙ ·∙∙ (a quick/rapid proficiency, a steep slope, = easy) |·∙∙ X |∙ X |X____________ Time Proficiency |∙∙· ∙·∙ ·∙∙ ∙∙· ∙·∙ ·∙∙ ∙∙· ∙∙· ·∙∙ ·∙∙ ·∙∙ ___100%·∙∙ ·∙∙ ·∙∙(more time reach 100%) | ∙·∙ ·∙∙ ∙∙· ∙·∙ ·∙∙ ·∙∙ ·∙∙ ·∙∙ ·∙∙ ∙∙·X | ∙·∙ ·∙∙ ∙∙· ∙·∙ ·∙∙ ·∙∙ ∙∙·X ·∙∙ ·∙∙ ·∙∙ (a slow proficiency, a gentle slope, = difficult) | ∙∙· ∙∙· ∙∙· X |X |_________________________________ Time
When is the LM curve relatively steep?
If money demand has low sensitivity to change in interest rate,the interest rate would have to rise by a large amount to reduce the demand for real balance back to the fixed leveli.e the level at which demand for money is equal to supply of money.Accordingly,the LM curve would be quite steep
Can a steep curve in a line graph indicate a rapid or a slow rate of change?
its going to be a rapid rate of change because it changes fast. a slow rate would be a steady or a smaller curve
Sentence for the word curve?
We had new SAP software installed at the Office, it really was a steep learning curve to get to know how to use it. I think I need some new tyres, the car starts to get a bit twitchy on the slightest wet curve. The curve of her hips would turn the head of any red blooded male.
How can one determine elasticity on a graph?
To determine elasticity on a graph, you can look at the slope of the curve. If the curve is steep, it indicates inelasticity, while a flatter curve suggests elasticity. Additionally, the price elasticity of demand can be calculated by dividing the percentage change in quantity demanded by the percentage change in price.
How many curvature does vertebral column have?
You have the convex anteriorly curve of cervical vertebrae. You have the concave anteriorly curve of thoracic vertebrae. Again you have the convex anteriorly curve of lumber vertebrae. The sacrum goes steep backward from the last lumber vertebra. Here no curve is described probably. So you have lardosis of cervical and lumber vertebrae. You have kyphosis of the thoracic vertebrae.
Is it fun to wakeboard?
Awesome! If you have the opportunity to go semi-regularly. steep learning curve but once you can stay up it only gets more fun. :)
How can you show a gentle slope from a steep slope?
To show a gentle slope from a steep slope, you can use a visual representation, such as a graph or diagram, where the steep slope transitions gradually into a more gradual incline. This can be achieved by illustrating a curve that starts steep and then flattens out, indicating a decrease in the angle of ascent. Additionally, you can use descriptive language to convey the change in steepness, emphasizing the smooth transition and the gradual reduction in elevation.
