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The TU (for time unit) is a unit of time defined as 1024 μs for use in engineering. The svedberg is a time unit used for sedimentation rates (usually of proteins). It is defined as 10 −13 seconds (100 fs). The galactic year, based on the rotation of the galaxy and usually measured in million years. [2]
This assumption tells us that both firms face the same cost-per-unit produced. Therefore, as each firm's profit is equal to its revenues minus costs, where revenue equals the number of units produced multiplied by the market price, we can denote the profit functions for firm 1 and firm 2 as follows:
Failure rate is the frequency with which any system or component fails, expressed in failures per unit of time. It thus depends on the system conditions, time interval, and total number of systems under study. [1]
Nabarro–Herring creep is characterized by creep rates that increase linearly with the stress and inversely with the square of grain diameter. In contrast, in Coble creep atoms diffuse along grain boundaries and the creep rate varies inversely with the cube of the grain size. [ 2 ]
In oligopoly theory, conjectural variation is the belief that one firm has an idea about the way its competitors may react if it varies its output or price. The firm forms a conjecture about the variation in the other firm's output that will accompany any change in its own output.
The marginal revenue product of labour is the increase in revenue per unit increase in the variable input = = = = = Here: is the Total Revenue (a money amount). is the marginal product (units created with the marginal labor time and effort).
We want to determine the optimal number of units of the product to order so that we minimize the total cost associated with the purchase, delivery and storage of the product. The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each ...
The relationship between price and quantity demanded holds true so long as it is complied with the ceteris paribus condition "all else remain equal" quantity demanded varies inversely with price when income and the prices of other goods remain constant. [3] If all else are not held equal, the law of demand may not necessarily hold. [4]