0
What is necessary and sufficient condition in respect to mathematics and economics?
Add your answer:
Earn +20 pts
Why is necessary to study mathematics in economics?
Economics requires kind of precision and modelling not usual to the other social sciences but more common with physics or engineering. Mathematics is a tool which allows the formal simplification, consistency, and exact results necessary to track, analyse, and predict variables in highly complex systems. Since economics not only possesses these systems but needs these properties, mathematics, along with statistics, offers a methodological avenue that no other field can to achieving them.
Necessary and sufficient condition for profit maximization?
Marginal Revenue = Marginal Cost
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
Is use of least-cost input combination a necessary condition for profit maximization is it a sufficient condition explain?
1. Minimization of Cost for a Given Level of Output: Least Cost Conditions
When one variable increase while the other variable deacreases is a statement indicating an inverse relationship?
No. That condition is necessary but not sufficient.No. That condition is necessary but not sufficient.No. That condition is necessary but not sufficient.No. That condition is necessary but not sufficient.
What stands for iff in math?
If and only if (necessary and sufficient condition).
What is the necessary and sufficient condition for vectors ABC are to be copalanar?
A.b.c=0
What education is necessary for actuarial jobs?
You need economics,statistics and mathematics. You can opt for actuarial science as a course or as can do masters in it . Depending upon the place u want to do it from ,
Why is necessary to study mathematics in economics?
Economics requires kind of precision and modelling not usual to the other social sciences but more common with physics or engineering. Mathematics is a tool which allows the formal simplification, consistency, and exact results necessary to track, analyse, and predict variables in highly complex systems. Since economics not only possesses these systems but needs these properties, mathematics, along with statistics, offers a methodological avenue that no other field can to achieving them.
Necessary and sufficient condition for profit maximization?
Marginal Revenue = Marginal Cost
What is the definition of Necessary and sufficient causes?
A necessary cause is a factor that must be present for a certain outcome to occur. A sufficient cause is a factor that alone can produce the outcome. Together, a necessary cause is required for an outcome to happen, while a sufficient cause is enough to bring about the outcome.
If a number is expressed in binary. what is a necessary and sufficient condition to test whether it is divisible by 2?
The last digit is zero.
When was Necessary But Not Sufficient - novel - created?
Necessary But Not Sufficient - novel - was created in 2000.
If a number is expressed in binary what is a necessary and sufficient condition to test whether it is divisible by 2?
Sweet dreams are made of cheese.
Is every square cyclic?
Yes. The sum of opposite angles is 180 degrees and that is a necessary and sufficient condition for a quadrilateral to be cyclic.
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
