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The concept of the iso-profit curve is attributed to economist Paul Samuelson. In the context of production and cost analysis, iso-profit curves represent combinations of inputs that yield the same level of profit. These curves are useful in understanding trade-offs and optimizing resource allocation in production processes. Samuelson's work in microeconomic theory helped formalize these concepts, highlighting their importance in decision-making for firms.
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Who contributed the concept of Kinked Demand Curve?
Paw m. Swiji
How can the demand curve be derived using the marginal utility theory?
Marginal utility is the key concept underline demand .The height of a demand curve reflects marginal utility.The marginal utility curve resembles the demand curve. So, it is through the marginal utility we get the demand curve.
A popular model used to illustrate the concept of opportunity cost is?
The Production Possibilities frontier/curve
How does the concept of the Malthus curve impact population growth and resource availability over time?
The Malthusian curve suggests that population growth will eventually outpace the availability of resources, leading to scarcity and potential crises. This concept highlights the importance of sustainable resource management and population control to avoid such issues in the long term.
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
Concept and application on learning curve theory?
cost accounting concept and application on learning curve theory to be anwered
What is the definition of 'bell curve'?
A bell curve is a graph that depicts a large rounded peak tapering away at each end of normal distribution. A bell curve is a mathematical concept with the curve concentrated in the center.
Who contributed the concept of Kinked Demand Curve?
Paw m. Swiji
How can the demand curve be derived using the marginal utility theory?
Marginal utility is the key concept underline demand .The height of a demand curve reflects marginal utility.The marginal utility curve resembles the demand curve. So, it is through the marginal utility we get the demand curve.
What is isoprofit line?
Any line belonging to the system of parallel lines to the given objective function for various values f is called ISO - profit line
Who gave the concept of negative education?
pestaloggi
Who gave the concept of external sovereignty?
Austin
Who suggested about the Big bang explosion and who suggested the expansion?
Georges Lemaitre gave the concept of Explosion. Sir Edwin Hubble gave the concept of Expansion.
A popular model used to illustrate the concept of opportunity cost is?
The Production Possibilities frontier/curve
Who gave the concept of ahinsa?
M K Gandhi
Who gave the concept of direction?
you need more information.
Who gave concept of set in mathmetics?
Georg Cantor
