Search results
Results from the WOW.Com Content Network
Economies of scale is related to and can easily be confused with the theoretical economic notion of returns to scale. Where economies of scale refer to a firm's costs, returns to scale describe the relationship between inputs and outputs in a long-run (all inputs variable) production function.
The Casio FX-7000G is a calculator which is widely known as being the world's first graphing calculator available to the public. It was introduced to the public and later manufactured between 1985 and c. 1988. [2] Notable features are its ability to graph functions, [3] and that it is programmable.
For example, in the IS-LM graph shown here, the IS curve shows the amount of the dependent variable spending (Y) as a function of the independent variable the interest rate (i), while the LM curve shows the value of the dependent variable, the interest rate, that equilibrates the money market as a function of the independent variable income ...
GraphCalc is an open-source computer program that runs in Microsoft Windows and Linux that provides the functionality of a graphing calculator. GraphCalc includes many of the standard features of graphing calculators, but also includes some higher-end features: High resolution
The Big Push Model is a concept in development economics or welfare economics that emphasizes the fact that a firm's decision whether to industrialize or not depends on the expectation of what other firms will do. It assumes economies of scale and oligopolistic market structure. It also explains when the industrialization would happen.
Economies of scale refers to the cost advantage arise from increasing amount of production. Mathematically, it is a situation in which the firm can double its output for less than doubling the cost, which brings cost advantages. Usually, economies of scale can be represented in connection with a cost-production elasticity, Ec. [3]
The tool comes pre-programmed with 36 different example graphs for the purpose of teaching new users about the tool and the mathematics involved. [ 15 ] As of April 2017, Desmos also released a browser-based 2D interactive geometry tool, with supporting features including the plotting of points, lines, circles, and polygons.
These variables are also shared by other functions of the calculator, for instance, drawing a graph will overwrite the X and Y values. MicroPython was added to Casio graphing from the PRIZM fx-CG50 and the fx-9860 GIII series. The latest Classwiz CG Series of graphing calculators instead use the Python programming language. [12]