What do you mean by ridge line?

What do you mean by ridge line?

noun. a line formed along the highest points of a mountain ridge. an area of higher ground separating two adjacent streams or watersheds.

What are ridge lines explain the economic region of production?

Above the line OA and below the line OB slope of the isoquants is positive which means that increases in both capital and labour are required to produce a given fixed quantity of output. The ridge lines are the combination of points where marginal product (MPLK) of one of the factors is zero.

What is Ridge curve?

In differential geometry, a smooth surface in three dimensions has a ridge point when a line of curvature has a local maximum or minimum of principal curvature. The set of ridge points form curves on the surface called ridges.

What are rigid lines explain its importance in production?

The area of rational operation may be shown by drawing two lines from the origin enclosing only those parts of the isoquants where each factor has a positive marginal product. Such lines are called ridge lines. Negative marginal products appear in that part of the isoquant which has a positive slope.

What is ridge line and valley line?

Line joining the highest point of a hill across the contours at right angles is called Ridge line. It represent by U-shaped. If the higher values are outside the loop in the contour it indicates a Valley. Line joining the lowest point of a valley across the contours at right is called Valley line.

What are ridge line explain this with the help of suitable diagram?

Firstly, in the above Diagram curves ОA and OB are the ridge lines on the oval-shaped iso-quants and in between these line on points G, J, L and N and H, К, M and P economically feasible units of capital and labour can be employed to produce 100, 200, 300 and 400 units of the product.

What are the three regions of production?

There are three main product curves in economic production: the total product curve, the average product curve and the marginal product curve.

What are ridge lines with diagram?

What is the difference between ridge and valley?

Ridge (Also: Arete or Spur) – A continuous elevated terrain with sloping sides. A valley can be “V” or “U” shaped and often can be seen as a “negative” to a ridge. On a map, valleys are represented by the same contour shape as ridges with the difference being the the wide openings are at lower elevation.

What is the difference between ridge and spur?

A ridge is a landform feature characterized by a continuous elevational crest with sloping sides. Arête is a narrow ridge formed by glacial erosion. A spur is a lateral ridge projecting from the mountain or the main ridge crest.

What is ridge show any type of ridge?

A ridge or a mountain ridge is a geographical feature consisting of a chain of mountains or hills that form a continuous elevated crest for some distance. The sides of the ridge slope away from narrow top on either side.

What are the 3 stages of returns?

The three stages of returns are: Increasing returns. Diminishing returns. Negative returns.

What is ISO revenue line?

This is called an iso-revenue line. Just as a production possibility curve indicates various combinations of two products that can be produced by using the same amount of the variable input (x1), an iso-revenue line shows all possible combinations of two products which would yield the same total revenue.

What are the properties of isoquant?

Properties of Isoquants

• An isoquant lying above and to the right of another isoquant represents a higher level of output.
• Two isoquants cannot cut each other.
• Isoquants are convex to the origin.
• No isoquant can touch either axis.
• Isoquants are negatively sloped.
• Isoquants need not be parallel.
• Each isoquant is oval-shaped.

What is ridge line and Valley line?

What is an example of a ridge?

The definition of a ridge is a long, narrow crest of something. An example of a ridge is the strip of mountains in the Southeast area of Mt. Everest from Nepal. An example of a ridge is along an animal’s backbone.

What are 3 types of contour lines?

There are 3 kinds of contour lines you’ll see on a map: intermediate, index, and supplementary. Index lines are the thickest contour lines and are usually labeled with a number at one point along the line.

What are the 4 types of ridges?

In particular, four classes of oceanic ridges are considered: spreading-center ridges, fracture-zone ridges, basaltic-volcanic ridges, and island arc ridges. The formation and tectonic histories of all oceanic ridges under these four classes can be developed using the concept of plate tectonics.

What is meant by diminishing return?

The law of diminishing returns is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

What is marginal rate of return?

Marginal Return is the rate of return for a marginal increase in investment; roughly, this is the additional output resulting from a one-unit increase in the use of a variable input, while other inputs are constant.

What is an Isorevenue line?

The slope of an isorevenue line is a constant ratio of the two output prices. If y2 appears on the vertical axis and y1 on the horizontal axis, the slope of the isorevenue line is the negative inverse output price ratio, ! p1/p2. The term isorevenue means equal revenue.

What are the three major production relationship?

i) Constant Marginal Rate of Returns or Law of Constant Returns. ii) Increasing Marginal Rate of Returns or Law of Increasing Returns. iii) Decreasing Marginal Rate of Returns or Law of Decreasing Returns.

What are the 3 types of isoquants?

Types of Isoquants: Linear Isoquant. Linear isoquant assumes that all factors of production are perfectly substitutable.

What is slope of isoquant?

The slope of the isoquant is defined as the marginal rate of substitution. Isoquants with varying shapes and slopes are illustrated. The shape of an isoquant is closely linked to the characteristics of the production function that transforms the two inputs into the output.

What is another word for ridge?

What is another word for ridge?