``Economic Equilibrium: Simple Linear Models,'' by Philip M. Tuchinsky, UMAP 208.In this module linear supply and demand
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``Economic Equilibrium: Simple Linear Models,'' by Philip M. Tuchinsky, UMAP 208.In this module linear supply and demand functions are constructed, and the equilibrium market position is analyzed for an industry producing one product. The result is then extended to n products. The author concludes by briefly considering nonlinear and discontinuous functions.
For Projects 1-4, complete the requirements in the referenced UMAP module (see enclosed CD) and prepare a short summary for classroom discussion.
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Related Book For
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton
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