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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
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
How does learning curve differ from experience curve?
Learning Curve Learning Curve measures the relation between increases in per worker productivity (leading to decrease in per unit labor cost at fixed prices) associated with an improvement in labor skills from on the job experience. In other words, Learning Effect leads to fall in the cost of production per unit because with the increased involvement in the production process Labor and Managers become more and more familiar with the production process. This leads to improvement in their efficiency level. So it is involved with one input-labor Experience Curve Production phenomenon where unit costs decline as volume increases. This result from a wide variety of factors including lower fixed costs per unit, an increase in skills associated with quantity production, and generally lower material costs. This is involved all the inputs. Actually Learning curve impact is also part of Experience Curve. So in simple, Learning curve is a Narrow concept while Experience curve is a broader concept
Concept and application on learning curve theory?
cost accounting concept and application on learning curve theory to be anwered
Who contributed the concept of Kinked Demand Curve?
Paw m. Swiji
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 given The concept of floating bodies and hydrostatics?
who gave the concept of hydrostatics
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 external sovereignty?
Austin
Who gave the concept of negative education?
pestaloggi
A popular model used to illustrate the concept of opportunity cost is?
The Production Possibilities frontier/curve
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.
Who gave the concept of ahinsa?
M K Gandhi
Who gave the concept of direction?
you need more information.
