What is an indivisible input?
Indivisible inputs are those inputs which can not be scaled down so that smaller output can be produced with lesser cost. For example railway tracks.
What does indivisibilities mean?
/ ˌɪn dəˈvɪz ə bəl / PHONETIC RESPELLING. See synonyms for: indivisible / indivisibility on Thesaurus.com. adjective. not divisible; not separable into parts; incapable of being divided: one nation indivisible.
What are indivisible costs?
Cost of an indivisible input for which a certain minimum amount of production must be undertaken before the input becomes economically feasible to use. Minimum efficient level of production. Amount of production that spreads setup costs out sufficiently for a firm to undertake production profitably.
What are indivisibilities economics?
the physical inability, or economic inappropriateness, of running a machine or some other piece of equipment at below its optimal operational capacity. Any output level below this would result in either one or other machine, or both, being under-utilized. …
What is an indivisible number?
The definition of an indivisible is anything that cannot be divided into equal parts or split. An example of an indivisible is the number 13. That cannot be divided by a specific number or quantity without leaving a remainder.
What is MES in economics?
The minimum efficient scale (MES) is the lowest point on a cost curve at which a company can produce its product at a competitive price. At the MES point, the company can achieve the economies of scale necessary for it to compete effectively in its industry.
Why human rights are indivisible and interdependent?
All human rights are indivisible and interdependent. This means that one set of rights cannot be enjoyed fully without the other. For example, making progress in civil and political rights makes it easier to exercise economic, social and cultural rights.
Is indivisibility a function of money?
Functions of Money It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Additionally, the value of money must remain stable over time.
Is one an indivisible number?
I was surprised because among mathematicians, 1 is universally regarded as non-prime. The confusion begins with this definition a person might give of “prime”: a prime number is a positive whole number that is only divisible by 1 and itself. The number 1 is divisible by 1, and it’s divisible by itself.
Is the word’indivisible’in the Dictionary?
Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback . “Indivisible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/indivisible.
What’s the difference between indivisible and divisible?
indivisible – impossible of undergoing division; “an indivisible union of states”; “one nation indivisible”. divisible – capable of being or liable to be divided or separated; “even numbers are divisible by two”; “the Americans fought a bloody war to prove that their nation is not divisible”.
What is the definition of one nation indivisible?
not divisible; not separable into parts; incapable of being divided: one nation indivisible.
Which is an example of an indivisible power?
1 Unable to be divided or separated. ‘The sovereign power is indivisible; it cannot for instance be divided between king and parliament.’ ‘Today art is indivisible from culture, culture from heritage, heritage from tourism.’