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Why should marginal cost be rising at equilibrium?
Falling MC means that cost of producing an additional unit of output tends to reduce.In a situation of perfect competition when MR is constant this would mean a situation when diff between the firm's tr and tvc tend to increase this means a situation when firms gross profit tends to rise.
What is law of returns explain it with the help of schedule and diagram?
returns to factor means change in physical output of a good or a commodity when the quantity demanded of one factor is increase while that of the other factors remain constant . It is a short run phenomenon and can be possible in three ways they area) Increasing return to factor - increasing returns to a factor refers to a situation on when each additional unit of a variable factor adds more and more to the total output that is when marginal product of a factor increases as more of the variable factor is constantb) constant returns to a factor - constant returns to a factor refers to a situation in which additional units of a variable factors adds the same amount of output that is when the marginal product of the variable factor is constantc) Diminishing returns to a factor refers to a situation in which each additional unit of a variable factor adds lesser and lesser amount of output that is when marginal product of a factor falls as more of it is used
What is holding demand constant?
Holding demand constant refers to a situation in economic analysis where the quantity demanded for a good or service remains unchanged despite variations in other factors, such as price or consumer income. This assumption allows economists to isolate the effects of specific variables on supply and demand dynamics. It often serves as a baseline for evaluating market responses and understanding consumer behavior in theoretical models.
What is the velocity of money if the nominal interest rate is constant?
If the nominal interest rate is constant, then PY is constant in the equation PY = MV, so V will remain constant so long as money supply does not change.
What does a perfect substitutes graph illustrate?
A perfect substitutes graph illustrates a situation where two goods can be used interchangeably with each other, meaning consumers are willing to substitute one good for the other at a constant rate. This is shown by a straight line with a slope of -1 on the graph.
How do you define constant?
Constant means an ongoing situation or thing.
How does the addition of a constant and multiplication by a constant affect the arithmetic mean?
If you add the same constant to each element of a sample then the mean of this collection of values will be the mean of the original sample plus the constant. If you multiply each element of a sample by a constant then the mean of this collection of values will be the mean of the original sample multiplied by the constant.
What is constant acceleration?
constant acceleration is a measure of a continuing increase in velocity per unit of time. another way to express it is: d²x/dt² = c where c is a constant
He lived during a time of constant what?
He lived during a time of constant warfare and political unrest.
Is rate of change always constant?
Depending on the situation, a rate of change can be constant (at least over a certain time period), or it may be non-constant.
Which situation is the BEST example of inertia?
A moving object continuing to move at a constant velocity unless acted upon by an external force is the best example of inertia. This is because an object's tendency to resist changes in its motion is a fundamental property of inertia, as described by Newton's first law of motion.
A collection of points in the plane whose distance from fixed point is constant?
That's a circle. The "fixed point" is the center of the circle, and the constant distance is its radius.
Which situation is most likely to show a constant rate of change?
The distance traveled by a truck driving at a constant speed compared with time.
What is the definition of constant-?
Constant means continuing non-stop.to remain in the same place without any movement
Do continuing care retirement communities serve those with Alzheimer's?
Alzheimer is exactly the type of disability which you often need continuing care for. A person with Alzheimers often needs constant monitoring which the family isn't able to provide.
What happens on density of gas if some particles are removed from it?
That depends on the experimental conditions.In a situation of constant pressure, the density will also be constant.In a situation of constant volume, reducing the amount of gas will reduce both pressure and density.
How do you spell continuiing?
There are some related words:CONTINUOUS (adjective) - constant, or unbrokenCONTINUES (verb) - present tense of to continue : to go on or remainCONTINUITY (noun) - a state of enduring or continuing (used in literature and media for historic record).
