Essays on Physical Quantity

In production, when the price of capital changes due to the relative change in labor than capital becomes cheaper and labor dearer. The capitalist then substitute the cheaper one for the costlier one. Figure 11.4, 11.5,11.6 In the figure 11.4 shows the VMPL curve, which is MPL multiplied by price of the output. The curve is diminishing which shows that the amount capitalist will add to increase his revenue by hiring one more labor at different levels of employment. The figure 11.5(a) shows that in the labor market the part of the labor that will be employed ...

Man has always been curious and been investigating the nature of things. He has probed into the ‘why’ and ‘how’ of all phenomena observed. As science evolved, he came up with laws and equations to represent these observations. For many decades, if not centuries, he was satisfied with explaining everything around him using what is today known as ‘Classical Mechanics’. All bodies and phenomena observed could be explained by Newton’s Laws and his equations of motion. In fact this developed into the branch of Classical Mechanics and saw a huge leap in the field of Science. Be it describing ...

The International System of Units (SI) is a modern, scientific method of articulating quantities and magnitudes of important natural phenomenon. The system has seven base units from which other units are derived. The SI units are either expressed directly or as standard multiples. According to Cohen et al (54), The SI system has three main models. 1) It has seven fundamental or dimensionally independent units that are irreducible by any convection. They include the meter, kilogram, ampere, Kelvin, candela, second and the mole. 2) The SI system of measurement has a large number of units derived from fundamental units ...