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What is the relationship between long run average cost curve and short run average ciost curve?
The relationship between these two curves is that a long run average cost curve consists of several short run average cost curves, each of which refers to a particular scale of operation. both curves are u shaped the short run avg cost curve rising because of labour specialisation and better spreading of fixed costs and it rises due to the law of diniminshing returns. the long run avg cost curve falls because of economies of scale and rises because of dis-economies. the long run avg cost curve must comprise of all the lowest points of each of the short run avg cost curve because no firm will operate at a level of higher costs in the long run than in the short run. the long run avg cost curve must always be equal to or lie below any short run avg cost curve because in the long run all factors of production can be variable.
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Aggregate demand curve?
a graphed line showing the relationship between the aggregate quantity demanded and the average of all prices as measured by the implicit GDP price deflator.
How is yield curve used in finance?
A yield curve is a graph that shows the relationship between yield and maturity on bonds. The graph plots the time or maturity on the x-axis and the yield on the y-axis. The yield curve will show how the yield on the bond changes with varying maturities.
What is the relationship between interest rates and the mortgage curve?
Interest rates have a direct impact on the mortgage curve, as changes in interest rates can cause the curve to shift up or down. When interest rates rise, the mortgage curve tends to shift upward, leading to higher mortgage rates for borrowers. Conversely, when interest rates fall, the mortgage curve shifts downward, resulting in lower mortgage rates for borrowers.
True or False the steeper the demand curve the less elastic the demand curve?
It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.
What does each point on a possibilities curve chart show?
Each point on a possibilities curve chart, also known as a production possibility frontier (PPF), represents a different combination of two goods or services that an economy can produce using its available resources and technology. Points on the curve indicate efficient production levels, where resources are fully utilized. Points inside the curve suggest underutilization of resources, while points outside the curve are unattainable given current resources and technology. The shape of the curve typically illustrates the opportunity cost of reallocating resources between the two goods.
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 marginal cost and average cost curves?
Margianal cost curve crosses the average total cost curve at the lowest point on the average total cost curve to be socially and ecomonical efficient.
The supply curve shows the relationship between what?
the supply curve shows the relationship between
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.
Relationship between marginal cost and average total cost?
The cost curves best tells us the relationship between the marginal cost and average total cost. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.
What is the relationship between total cost curve and variable cost curve?
estimated cost
A curve showing the relationship between temperature and time for a given amount of liquid heated a constant rate is a what curve?
The curve showing the relationship between temperature and time for a given amount of liquid heated at a constant rate is called a "heating curve." This curve is mapped out on a graph.
The supply curve shows the relationship between?
Supply curve shows relationship between price of the particular commodity and the quantity supplied of that commodity at different price level.
What curve shows the relationship between the sales price and quantity is called the demand curve?
supply
What is the relationship between marginal utility curve and demand curve?
both are equal and complement to each other
Term for relationship between price and quantity supplied?
Demand Curve
What is the relationship between lorenz curve and the gini coefficient?
Relationship between Lorenz curve and Gini coefficient is the more the Lorenz line curves away from the line of equality, the greater the degree of inequality represented.
