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A curve connecting the tangency points is called the expansion path because it shows how the input usages expand as the chosen level of output expands. In economics , an expansion path (also called a scale line [ 1 ] ) is a path connecting optimal input combinations as the scale of production expands. [ 2 ]
Equivalently, it gives the maximum level of output that can be produced for a given total cost of inputs. A line joining tangency points of isoquants and isocosts (with input prices held constant) is called the expansion path. [3]
A) Example of an isoquant map with two inputs that are perfect substitutes. B) Example of an isoquant map with two inputs that are perfect complements. An isoquant (derived from quantity and the Greek word isos , ίσος , meaning "equal"), in microeconomics , is a contour line drawn through the set of points at which the same quantity of ...
The line connecting all points of tangency between the indifference curve and the budget constraint as the budget constraint changes is called the expansion path, [11] and correlates to shifts in demand. The line connecting all points of tangency between the indifference curve and budget constraint as the price of either good changes is the ...
In economics and particularly in consumer choice theory, the income-consumption curve (also called income expansion path and income offer curve) is a curve in a graph in which the quantities of two goods are plotted on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.
The expansion path of the industrial sector is given by the line OA o A 1 A 2. As capital increases from K o to K 1 to K 2 and labor increases from L o to L 1 and L 2, the industrial output represented by the production contour A o, A 1 and A 3 increases accordingly.
The expansive pathway combines the feature and spatial information through a sequence of up-convolutions and concatenations with high-resolution features from the contracting path. [7] This is an example architecture of U-Net for producing k 256-by-256 image masks for a 256-by-256 RGB image.
The defining properties of any LTI system are linearity and time invariance.. Linearity means that the relationship between the input () and the output (), both being regarded as functions, is a linear mapping: If is a constant then the system output to () is (); if ′ is a further input with system output ′ then the output of the system to () + ′ is () + ′ (), this applying for all ...