Sentence examples for identical cost from inspiring English sources

Assumptions behind the theory explaining why markets are meant to be efficient, mean suspending disbelief that our tastes and habits are unchanging, there is full employment, all firms face identical cost conditions, there is perfect competition, perfect information, and perfect mobility of what you need to produce things between places and occupations.

An identical cost is associated with each station and differing costs are associated with the blocks.

The firms are assumed to have the following identical cost functions3: C i X i = c X i where 0 < c < 1 (4).

In [7], the toll value is calculated in a centralized way; there is only one origin and destination in the road network, and individuals have identical cost functions.

The paper addresses a transport market with two firms that have identical cost functions, produce symmetrically differentiable transport services and compete either simultaneously in prices (Bertrand), in quantities (Cournot) or collude.

The paper analyses equilibrium fares and quantities arising from collusion and competition on price (Bertrand) and quantity (Cournot), when the firms produce symmetrically differentiable services and have identical cost and goal functions.

If there are no jobs with identical costs, there is exactly one schedule that satisfies LCF; so Lemma 2 implies that LCF yields the optimal schedule.

In spite of this, the adaptive policy achieves nearly identical costs.

For that reason, the identical costs for the primary operation and related medication during hospital stay for the two programmes were not included in this analysis.

Compared with the base case results, the probabilistic sensitivity analysis resulted in an identical incremental cost of £603.16 (as drug costs were not included in the probabilistic sensitivity analysis), an incremental QALY of 0.044 955% confidence interval 0.014 0.074) and a similar ICER of £13,617 (95% confidence interval £8,080 £41,326).

Hence, the hybrid model can distinguish the short and long networks with the identical absolute cost difference as well as the identical relative cost difference.