Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
The aggregate demand curve will shift to the right as the economy expands. When that happens, the quantity of output demanded for a given price level rises.
the multiplier principle implies that investment increases output whereas the acceleration principle implies that increases in output will themselves induce increases in investment.
maximizing the difference between total revenue and total cost
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
The output waveform will be limited to the difference between the supply and ground (or between the positive and negative supplies). This causes distortion of the output waveform.
The difference is in the output frequency.
Output is what is produced. Outcomes are the result of the output
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
The difference between output and outcome is that , output is the product or service that comes out of a process and outcome is the net result of that output to the organization.
Output is total output. Productivity is out per man-year.
Deferred output tax is recorded by the seller for the sale of things on credit, and the standard output tax is recorded for the sale of things that were paid for with cash.
The difference between and input force and an output force is that an output force is force exerted by a machine, and an input force is force exerted on a machine.
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What is the difference between output and input?If you sing into a microphone you can hear the microphone's output.Sound coming out of the power amp to the speakers.That is the input of the loudspeaker.Do you see the difference?Your voice is the microphone's input. Its output is electrical impulses that are input to the amplifier. The amplified impulses are the output of the amplifier and input to the speaker. Sound waves are output of the speaker and input to your ears.
As output expands, fixed costs are spread out over a larger quantity of output, causing average fixed cost (AFC) to decrease. Since average total cost (ATC) is the sum of average variable cost (AVC) and AFC, and AFC is decreasing, ATC will also decrease. However, AVC tends to decrease at a slower rate than AFC, so the gap between AVC and ATC narrows as output expands.