Fully Explain Why the Shapes of the Curves Are Different

The S-shaped total product curve has economic meaning. An indifference curve is a contour line where utility remains constant across all points on the line.

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Marginal Rate of Technical Substitution.

. Horses are adapted to live at sea level and llamas are adapted to live in high mountains. Change in Kinetic Energy. HIGHER LEVEL OF SATISFACTION.

1030 1000 30. MRSxy is always diminishing. Each hump has its own half-equivalence point.

So the MC curve is U-shaped due the operation of the law of variable proportions. Convexity means that as labor is added the production of TVs is increasing at an increasing rate. How does the serial position curve discussed in the lecture using a word list explain the difference between short-term and long-term memory.

Total cost is graphed with output quantity on the horizontal axis and dollars of total cost on the vertical axis. The reason behind this shape involves diminishing marginal utilitythe notion that as a person consumes more of a good the marginal utility from each additional unit becomes lower. An indifference curve is a curve that represents all the combinations of goods that give the same satisfaction to the consumer.

Explain why the turnover number falls as the temperature gets lower. First oxygen binds to Hb causing change in shape. The shape of the curve for 55 Oc after 20 minutes b The turnover number of an enzyme is the number of substrate molecules converted to product per second.

Then based on the auctions revealed reservation prices students draw the resulting demand curve compare its shape with their prediction and explain why it is similar or dissimilar. Due to the law of diminishing marginal utility a consumer is always willing to sacrifice lesser units of a commodity for every additional unit of another good. In all other markets AR curve slopes downwards and MR curve lies below it.

There are a few features to note about the total cost curve. Shape change of Hb allows more O2 to bind easily greater saturation with O2. The upper curve of the isoquant produces more output than the curve beneath.

The same curve happens again where a slow change in pH is followed by a spike and leveling off. Yield refers to the return you earn by holding bonds. The production possibilities curve measures the trade-off between.

1 indifference curves can never cross 2 the farther out an indifference curve lies the higher the utility it indicates 3 indifference curves always slope downwards and 4 indifference curves are convex. Each point on the curve shows how much of each good will be produced when resources shift to making more of one good and less of another. Indifference curves like Um are steeper on the left and flatter on the right.

Explain how changes in the shape of haemoglobin result in the S-shaped sigmoid oxyhaemoglobin dissociation curve for HbA. The four properties of indifference curves are. The total cost curve is upward sloping ie.

Here is an example to understand the indifference curve better. The graph shows oxygen dissociation curves for horse haemoglobin and for llama haemoglobin. Shape and Slope of SRAS Curve The short-run aggregate supply SRAS curve relates quantity of output GDP supplied to the price level is a positively sloped curve.

2 marks b c. IC is strictly Convex to origin ie. For example if you buy a 1-year treasury bond for 1000 that 1 year later will return the 1000 plus 30 in interest the yield is.

Since MP initially rises reaches a maximum and then declines MC initially falls reaches a minimum and thereafter rises. The reaction rate for both a typical human enzyme black and a typical enzyme from a thermophilic bacterium green varies with temperature. In pure monopoly AR curve is a rectangular hyperbola and MR curve coincides with the horizontal axis.

Optimal temperature for a typical human enzyme Optimal temperature for a typical enzyme of a thermophilic heat-tolerant bacterium 20 40 60 80 100 Temperature C a Temperature dependence. At the lower end where labor and output are low the curve is convex. The maximum turnover number of catalase is 200 000 molecules per second.

This simply reflects the fact that it costs more in total to produce more output. The vertical axis is output and the horizontal axis is labor. Government in the case of treasuries and corporations in the case of corporate.

Curve Shape Circles ellipses parabolas and hyperbolas as well as arcs sectors and segments are two-dimensional curved shapes. Whereas shapes such as spheres cylinders and cones are referred to as three-dimensional curved shapes. This is because the larger combination of input results in a larger output as compared to the curve that is beneath it.

Prior to a classroom auction of an item students predict the shape of the demand curve. The difference occurs when the second acid reaction is taking place. C HIGHER INDIFFERENCE CURVE REPRESENTS.

In economics the production possibilities curve is a visualization that demonstrates the most efficient production of a pair of goods. Since all the combinations give the same amount of satisfaction the consumer prefers them equally. Hence the name indifference curve.

Use the graph to explain why llamas are better adapted to live in. Bonds are initially sold by the issuer the US. At lower levels of GDP the slope of the SRAS curve is quite low it looks to be a relatively flat in the lower range of output but becomes steeper ie the slope increase over higher ranges of output.

The curve shows the same trend as a weak acid titration where the pH does not change for a while spikes up and levels off again. All of the diagonal line segments on a heating or cooling curve show a temperature change and therefore a change in kinetic energy. During these regions a single state of matter exists and the sample is either getting hotter or cooler.

Under perfect competition average revenue curve is a straight horizontal line and is equal to MR. That is why it is said that the shape of the MC curve is governed by the shape of the MP curve. As an alternative introduction students can suggest allocation.

To get full credit you must explain why the curve is the shape it is what are the tails of the curves called and what do they represent and how do the words that are stored in different parts of the curve explain different. The way to identify the curve is that the line bends and changes its direction at least once. This has been shown in Fig.

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