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A European Commission communication issued in 2012 argued that the breadth of scope offered by cloud computing made a general definition "elusive", [5] whereas the United States National Institute of Standards and Technology's 2011 definition of cloud computing identified "five essential characteristics": On-demand self-service.
Dazzle reflex is a type of reflex blink where the eyelids involuntarily blink in response to a sudden bright light . Neurological pathways for the dazzle reflex involve subcortical pathways, such as the supraoptic nucleus and superior colliculus .
Shephard's lemma is a major result in microeconomics having applications in the theory of the firm and in consumer choice. [1] The lemma states that if indifference curves of the expenditure or cost function are convex, then the cost minimizing point of a given good with price is unique.
BOD test bottles at the laboratory of a wastewater treatment plant. Biochemical oxygen demand (also known as BOD or biological oxygen demand) is an analytical parameter representing the amount of dissolved oxygen (DO) consumed by aerobic bacteria growing on the organic material present in a water sample at a specific temperature over a specific time period.
Traditional television stations broadcast shows at specific starting times. By contrast, video on demand services allow you to start watching any tv program, movie, news report, or other video entertainment, that they offer whenever you would like.
In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. [1] In essence, the demand for, say, a factor of production by a firm is dependent on the demand by consumers for the product produced by the firm.
Some animals of the far north, like the snowshoe and Arctic hares, Arctic fox, stoat, and rock ptarmigan change their coat colour (by moulting and growing new fur or feathers) from brown or grey summer camouflage to white in the winter; the Arctic fox is the only species in the dog family to do so. [5]
If the demand decreases, then the opposite happens: a shift of the curve to the left. If the demand starts at D 2, and decreases to D 1, the equilibrium price will decrease, and the equilibrium quantity will also decrease. The quantity supplied at each price is the same as before the demand shift, reflecting the fact that the supply curve has ...