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- Dictionarycurve/kəːv/
noun
- 1. a line or outline which gradually deviates from being straight for some or all of its length: "the parapet wall sweeps down in a bold curve"
verb
- 1. form or cause to form a curve: "her mouth curved in a smile"
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The oxygen dissociation curve is a graphical representation of the percentage of saturation of oxyhaemoglobin at various partial pressures of oxygen. In the lungs, the partial pressure of oxygen is high.
Learn the definition, graph and exceptions of the law of demand, which states that quantity demanded decreases as price increases. See how consumer preference, budget and indifference curves explain the demand curve.
Learn how to plot and interpret cumulative frequency curves or ogives, which are graphs that show the cumulative frequency distribution of grouped data. Find out the difference between more than and less than types of ogives, and how to calculate the median using them.
Learn how stress and strain are related for small deformities and how they vary for different materials. See the stress-strain curve for metals, elastomers and elastic tissues and their properties.
Learn the concept of marginal rate of substitution (MRS), which is the rate at which a consumer is willing to give up good X for one more of good Y at the same utility. MRS is used to analyze the indifference curve, which shows the combination of goods that gives the same level of satisfaction to the consumer.
Learn the difference between movement and shift of demand curve in economics with examples and diagrams. Movement is a change in quantity demanded at a constant price, while shift is a change in demand at different prices due to other factors.
A monopoly is a single seller with no close substitute and strong barriers to entry in the market. Learn how a monopolist determines the price and faces downward sloping demand and revenue curves.
Learn the definitions and formulas of total, average and marginal revenue, and how they relate to each other. See graphical representations and solved questions on revenue analysis.
A long run average cost curve is another term for a planning curve, which is the curve that shows the minimum cost of producing any output with all inputs variable. Learn how to derive, interpret and explain the U-shaped LAC curve with examples and solved questions.
Learn how to use isoquant curves and isocost lines to determine the optimum level of production for a producer. An isoquant is a curve that shows different combinations of inputs that produce the same output, while an isocost line is a line that shows different combinations of inputs that cost the same.
