Search results
Results from the WOW.Com Content Network
The primary data set used in cost distance analysis is the cost raster, sometimes called the cost-of-passage surface, [9] the friction image, [8] the cost-rate field, or cost surface. In most implementations, this is a raster grid , in which the value of each cell represents the cost (i.e., expended resources, such as time, money, or energy) of ...
This can generally be shown in a "bid rent curve", based on the reasoning that the most accessible land, generally in the centre, is the most expensive land. Commerce (in particular large department stores and chain stores ) is willing to pay the greatest rent in order to be located in the inner core.
Similarly, if the third kilogram of seeds yields only a quarter ton, then the marginal cost equals per quarter ton or per ton, and the average cost is per 7/4 tons, or /7 per ton of output. Thus, diminishing marginal returns imply increasing marginal costs and increasing average costs. Cost is measured in terms of opportunity cost. In this case ...
In markets, entrepreneurs combine the other factors of production, land, labor, and capital, to make a profit. Often these entrepreneurs are seen as innovators, developing new ways to produce new products. In a planned economy, central planners decide how land, labor, and capital should be used to provide for maximum benefit for all citizens ...
In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations , mineral deposits , forests, fish stocks, atmospheric quality, geostationary orbits , and portions of the electromagnetic spectrum .
Finally, whenever land number 3 must be cultivated, the rent for land number 1 will be a rent of 20 units, and for land number 2, the rent will be 10. The profit will equal 80 units (profit made by the lowest quality). Eventually, all land is used except for the lowest quality land because workers will not work for a low wage. (Ricardo, 1817).
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Also amphidrome and tidal node. A geographical location where there is little or no tide, i.e. where the tidal amplitude is zero or nearly zero because the height of sea level does not change appreciably over time (meaning there is no high tide or low tide), and around which a tidal crest circulates once per tidal period (approximately every 12 hours). Tidal amplitude increases, though not ...