1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...
This example uses the GPLOT procedure and the DATA step function PROBNORM to plot operating characteristic (OC) curves for charts with 3 limits. An OC curve is ...
Sometimes: the gradient of the line or curve has a particular meaning ... area under the graph has a particular meaning This graph shows the cost of petrol. It shows that 20 litres will cost ...