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5 dni temu · This page contains a set of lecture notes and video lessons covering most topics covered a Mathematical Economics or Calculus for Economics and Business. Each of the videos labelled "Lecture" are a short focused lecture on a specific topic or tecnique.
4 dni temu · Using the midpoint method, the income elasticity of demand for good Y is, If price elasticity of demand = |-1.5| and price decreases by 10 percent, then and more.
1 dzień temu · What Is Real Value? The real value of an item is its nominal value adjusted for inflation. Recall that nominal value is the face value of an item before any adjustments are factored in. Also...
4 dni temu · What Is M1? M1 is the money supply that is composed of currency, demand deposits, other liquid deposits—which includes savings deposits. M1 includes the most liquid portions of the money...
4 dni temu · The formula for calculating marginal product is: Marginal product = (Q^n - Q^n-1) / (L^n - L^n-1) Where: Q^n is the current total production time. Q^n-1 is the previous production time, prior to the marginal change.
4 dni temu · Value-added formula and examples of their calculations. By definition, a value-added is the difference between the selling price and input costs. To calculate it, we simply subtract the selling price of the product from the cost of the inputs used to produce it. Here is the mathematical formula: Value-added = Selling price per unit – Cost of ...
4 dni temu · Microeconomics is a branch of economics that analyzes the market behavior of individuals and businesses to understand their decision-making processes.
