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A system is said to be social equilibrium when there is a dynamic working balance among its interdependent parts.
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What is asymmetric equilibrium?
Asymmetric equilibrium refers to a situation in which two opposing forces or parties reach a balance despite differences in power, resources, or capabilities. In this scenario, the equilibrium is sustained despite asymmetries in the factors influencing the parties involved.
What is firm equilibrium?
Firm equilibrium refers to a situation where a firm achieves a balance between its costs and revenues, maximizing profits. This is attained when the firm produces the level of output where marginal cost equals marginal revenue. It represents the point of optimization for the firm.
Is internal equilibrium from quasi equilibrium?
No, internal equilibrium is not the same as quasi equilibrium. Internal equilibrium refers to a system being in a state where there is no net change in composition, while quasi equilibrium refers to a process that occurs almost at equilibrium, but not necessarily at the exact equilibrium point.
What is unique equilibrium?
Unique equilibrium refers to a situation in game theory where there is only one outcome for each player that maximizes their payoffs given the decisions of the other players. This ensures that all the players have a clear, optimal choice to make in the game, resulting in a single, stable solution.
What'd is an example of a situation that is in equilibrium?
An example of a situation in equilibrium is a balanced seesaw, where two children of equal weight sit at equal distances from the center. In this scenario, the forces exerted by both children are equal, resulting in a stable position. Another example is a glass of water resting on a table; the gravitational force acting downwards is balanced by the normal force exerted by the table, keeping the glass at rest.
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
What are the examples of static equilibrium of concurrent forces?
In any situation in which an object doesn't move, it is in equilibrium.
Which situation is in equilibrium?
A system is said to be social equilibrium when there is a dynamic working balance among its interdependent parts.
The situation in which allele frequencies of a population remain constant is called?
That situation is called a Hardy-Weinberg equilibrium. Not actually seen outside of the lab.
What is Equilibrium Rule?
A stable situation in which forces cancel one another.
Describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What is a situation in which things are balanced and equal resulting in no change called?
A state of equilibrium.
What is is an example of a situation that is in equilibrium?
Any object resting on a table, on the floor, etc., is said to be in equilibrium. The amount of money in a bank account never changes
What is an example of situation that is an equilibrium?
Any object resting on a table, on the floor, etc., is said to be in equilibrium. The amount of money in a bank account never changes
What is is A situation in which a population's frequency of traits remains relatively constant is called?
A situation in which a population's frequency of traits remains relatively constant is known as genetic equilibrium or Hardy-Weinberg equilibrium. This equilibrium occurs when no evolutionary forces are acting on the population, such as natural selection, genetic drift, mutation, or gene flow.
Because demand curve and supply curve always change market never attain equilibrium does this imply the concept of equilibrium is not useful?
Well it means that equilibrium is basically a dynamic process and it adjusts to the new situation where basic variables of the market has registered changes and the new endowment point becomes the need of the situation.
