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Why is average cost and average variable cost are both you shaped?
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
Explain long run L - shaped cost curve?
L shapes cost curvr is a long run cost curve
What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
What is the relationship between the average cost curve and the production costs of a firm?
The average cost curve shows the average cost per unit of production for a firm. It is derived from the total cost curve, which represents the total cost of production at different levels of output. The average cost curve is U-shaped, indicating that as production increases, average costs initially decrease due to economies of scale, then increase due to diminishing returns. The relationship between the average cost curve and production costs is that the average cost curve reflects how efficiently a firm is producing goods or services in relation to its total costs.
Explain the link between income consumption curve and Engel curve?
Its the same I think :)
Why is average cost and average variable cost are both you shaped?
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
What is a hill shaped curve centered around an average value called?
bell curve
Explain long run L - shaped cost curve?
L shapes cost curvr is a long run cost curve
What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
What is the relationship between the average cost curve and the production costs of a firm?
The average cost curve shows the average cost per unit of production for a firm. It is derived from the total cost curve, which represents the total cost of production at different levels of output. The average cost curve is U-shaped, indicating that as production increases, average costs initially decrease due to economies of scale, then increase due to diminishing returns. The relationship between the average cost curve and production costs is that the average cost curve reflects how efficiently a firm is producing goods or services in relation to its total costs.
Explain the link between income consumption curve and Engel curve?
Its the same I think :)
What is the word with the definition of a hill shaped curve centered around an average value?
bell curve i believe is the word your looking for..Its called Normal Distribution :)
What is modern theory of cost?
Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.
Why is the Marginal cost curve U shaped?
because sophie went to Nigeria
Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
What is a S-shaped curve?
An S-shaped curve is called a sigmoid curve. This term is used throughout the mathematical world and in healthcare settings.
Differences between human and mammal spines?
Human spines are erect and have a S-shaped curve.
