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- Standardisation and alignment
- Identifying generic functionality
Economies of scale can be realised where effort invested can be reused. While, arguably, the mechanics of software reuse are relatively well understood, identifying just what is and what is not generic and how generic components can be adapted to specific purposes, remains a challenging task.
"the amount of work that you have to put in to getting something that works for [a service] for example I mean they have a very different access model to HPC and you know if you’re going to have a sort of common look and feel to both to them I think you may struggle and you’d struggle to get something that was workable and met the needs of the different communities and they’re very significant practical issues." (service provider)
"what I fear is that the e-science software so far has been too focused on building general infrastructure and maybe they better off solving, fewer, smaller [...] problems but at least solving them properly [...]rather than try to write something so general that everybody should be able to use it but in the end no one will use it." (researcher)
Questions & Answers
differentiate between demand and supply
giving examples
differentiated between demand and supply using examples
Lambiv
how is the graph works?I don't fully understand
hi guys good evening to all
Lambiv
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
Can I ask you other question?
Shukri
What is different between quantity demand and demand?
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
how do you save a country economic situation when it's falling apart
what is the difference between economic growth and development
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
any question about economics?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:
OpenStax, E-research community engagement findings. OpenStax CNX. Jun 09, 2009 Download for free at http://cnx.org/content/col10673/1.9
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