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Where the demand curve and supply curve intersect.
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Distinguish between general equilibrium partial equilibrium analysis?
Partial Equilibrium, studies equilibrium of individual firm, consumer, seller and industry. It studies one variable in isolation keeping all the other variables constant.General Equilibrium, studies a number of economic variable, their inter relation and inter dependencies for understanding the economic system.
What economic situation exists when a business is able to sell exactly as many products as it is able to produce?
Economic equilibrium!
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
How does an externality relate to socially optimal quantity?
In the presence of an externality (positive or negative), individual economic actors produce a socially inefficient amount of a good (since they do not include social gains or costs in their calculations). Thus, in general, when there is a Negative externality, firms are overproducing a good with a social cost and thus the optimal equilibrium occurs at decreased production. Positive externality, firms are underproducing a good with a social benefit and thus the optimal equilibrium occurs at increased production.
What is economic mode?
A state of equilibrium in the production of goods and services within the economic parameters in consumption,investments,savings and the forces of supply and demand for production.
When does an equilibrium occur?
Equilibrium occurs when the first derivative is zero.
Type of equilibrium that occurs when allel frequencies do not change?
the type of equilibrium that occurs when an allele frequencies do not change is dynamic equilibrium :)
What is the type of equilibrium that occurs when allele frequencies do not change?
Genetic equilibrium is when the allele frequencies remain constant.
Which occurs faster at equilibrium the formation of products from reactants or reactants from the product?
At equilibrium, the formation of products from reactants will be faster.
Distinguish between general equilibrium partial equilibrium analysis?
Partial Equilibrium, studies equilibrium of individual firm, consumer, seller and industry. It studies one variable in isolation keeping all the other variables constant.General Equilibrium, studies a number of economic variable, their inter relation and inter dependencies for understanding the economic system.
What is evolution that occurs in short rapid bursts?
Punctuated equilibrium
Hypothesis that speciation occurs in rapid bursts?
Punctuated equilibrium
Does dynamic equilibrium always happen when a change occurs?
No, this is not necessarily.
What occurs when a number of molecules of a substance are equal in two areas?
Equilibrium
What occurs when the number of molecules of a substance are equal to two areas?
equilibrium
What occurs when a number of molecules of a substance is equal in two areas?
Equilibrium.
What occurs when the number of a molecules of a substance is equal in two areas?
Equilibrium
