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What is the difference between an isocost curve and an isocost line?
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∙ 10y ago
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∙ 10y ago
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What is the difference between tangent and secant line?
The tangent line is the instantaneous rate of change at a point on a curve. The secant line crosses a curve twice at points A and B, representing the average rate of change between those two points.
What is the difference between a linear scale and a non linear scale?
Linear is a straight line and non linear could be a curve or anything but a straight line
What is the shortest distance between a straight line and a curve?
If you translate (move without rotation) a copy of the line towards the curve, the first point where the line touches the curve (the tangent to the curve with the slope of the original line) will be the point on the curve closest to the line. Draw a connecting line from this tangent point to the original line, intersecting that original line at right angles. Measure the connecting segment. It is the shortest distance. Vector analysis will give a mathematically strict solution, I do not have the ability to explain this in sufficient detail.
What does chord means in math terms?
A chord is a line segment between two points on a given curve. Basically it's two points that are connected with a line which all happens to be on a curve. Most likely a circle
A general pattern of a scatter plot?
There is no such thing as a general pattern. Depending on the variables and the relationship between them, you can have points all over the plot, exactly on a straight line or a curve, or close to such a line or curve.
What is difference between indifference curve and budget line?
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
What is the difference between tangent and secant line?
The tangent line is the instantaneous rate of change at a point on a curve. The secant line crosses a curve twice at points A and B, representing the average rate of change between those two points.
ISOcost line is also called as profit line?
The ISOcost line shows combinations of inputs that yield the same level of cost. It is not the same as the profit line, which represents combinations of outputs that generate the same level of profit. Profit lines are typically used to analyze profit-maximizing decisions, while ISOcost lines are used to analyze cost-minimizing decisions.
Difference between line of best fit and curve of best fit?
one is straight and one is curved simple
Define isocost line?
A line along which the cost of something -- usually a combination of two factors of production -- is constant. Since these are usually drawn for given prices, which are therefore constant along the line, an isocost line is usually a straight line, with slope equal to the ratio of the (factor) prices.
What is the difference between a linear scale and a non linear scale?
Linear is a straight line and non linear could be a curve or anything but a straight line
What is a line or smooth curve?
Between the two point line to say that is both a curve and there are clear.
What is the difference between an arc and a chord?
If you take two distinct points on a curve, the arc is the part of the curve connecting the two points while the chord is the straight line connecting them.
What is the difference between curve and curvature?
A curve is a continuous line formed by points in a space, while curvature measures how much a curve deviates from being a straight line at a given point. In other words, curvature quantifies the bend or deviation of a curve at a specific location along its length.
What is the relationship between lorenz curve and the gini coefficient?
Relationship between Lorenz curve and Gini coefficient is the more the Lorenz line curves away from the line of equality, the greater the degree of inequality represented.
What is the Difference between Income consumption curve and expansion path curve?
income expansion curve The ICC is a line that is formed when many indifference curves are seen and their attainable points are plotted. The line that is formed by connecting these points is the ICC. The expansion path is the same concept, but for isoquants. Isoqants being the two inputs that are needed in production. indifference curves are from consumer theory that a person has to choose between two goods.
What is the meaning of regular curve line?
how i do curve line
