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Why is long run average cost curve known as the planning curve?
The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
Why is the demand curve referred to as a marginal benefit curve?
The link between a product and how much it is worth, the amount it is in demand and how much customers are ready to pay for it can be shown in economics on a graph known as a demand curve. This is also known as the marginal benefit curve.
Why doe the marginal cost curve go through the lawest point of average cost curve?
as the total average cost is U shape the MC will intersect with U shape at lowest point to indicate the break even point where the company does not make neither profit nor loss. and this minimum point is known as the efficient scale that minimize the losses but does not maximize profit
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
What distinguishes a normal curve from a skewed curve?
A normal curve, also known as a bell curve, is symmetric around its mean, indicating that data points are evenly distributed on either side, with most values clustering around the center. In contrast, a skewed curve is asymmetrical, meaning that it has a tail extending more to one side than the other; in a positively skewed curve, the tail is on the right, while in a negatively skewed curve, it is on the left. This skewness affects the mean, median, and mode of the data distribution, leading to different interpretations of the data's central tendency.
Why is long run average cost curve known as the planning curve?
The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
Contract curve also known as conflict curve?
I teach on conflict and frequently use a tool known as the conflict curve. It shows the way in which conflicts typically escalate and de-escalate.
How do you get symmetric Gaussian curve?
when the signals are symmetric then this signals are gaussian In statistics, the Gaussian curve, also known as the Normal curve, is symmetrical.
Why is the demand curve referred to as a marginal benefit curve?
The link between a product and how much it is worth, the amount it is in demand and how much customers are ready to pay for it can be shown in economics on a graph known as a demand curve. This is also known as the marginal benefit curve.
Who first designed French curve tools?
Ludwig Burmester, a German geometer, invented the Burmester curve also known as the French curve.
What is the address written on the envelope of a letter known as?
The recipients address.
What is the relationship between a normalized curve and the distribution of data points in a statistical analysis?
A normalized curve, also known as a bell curve or Gaussian distribution, shows how data points are spread out in a statistical analysis. It helps us understand the distribution of data by showing the average and how data points are clustered around it. The curve is symmetrical, with most data points falling near the average and fewer data points further away. This helps us see patterns and make predictions about the data.
What represents the nuclear membrane?
The nuclear membrane of a cell is also known as the nuclear envelope.
Is an envelope a polygon?
Yes it is a 4 sided polygon known as a quadrilateral
What is the name of the slight curve on the water?
It is known as the meniscus.
What kind of curve does a projectile make?
A projectile makes a curved path known as a parabolic curve when launched horizontally or at an angle. This curve is a result of the combined effects of gravity and the horizontal velocity of the projectile.
How can one determine the concentration of a sample using a calibration curve?
To determine the concentration of a sample using a calibration curve, you first need to measure the response of known standard samples with known concentrations. Then, plot a calibration curve by graphing the response against the concentration. Finally, measure the response of the unknown sample and use the calibration curve to determine its concentration by finding where its response falls on the curve.
