Application of linear functions in Economics (or) Application of straight lines in Economics The linear function is one in which ‘y’ is the first degree expression in ‘x’‚ i.e.‚ y = ax + b. The graph of this function is a straight line. The co-efficient of x represents the slope of the line. If a > 0‚ then the lines are upward sloping‚ and if a < 0‚ then the lines are downward sloping Let us explain certain linear equations used in Economics and business. 1. Linear cost curves
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In the seventeenth century Europe‚ the study of natural sciences has changed significantly. The Renaissance · religious reform has changed the view of the world centered on God‚ and the development of the age of the great navigation brought about an overwhelming increase in knowledge information volume. The fact that the science of ancient Greece and Arabia was transmitted in the Renaissance era was one factor that advanced science. Science-based methods were incorporated into art as well. Khan Academy
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While the city has opened itself to new ways of tolerating and moderating the use of recreational drugs‚ each new policy change had to be supported and found legitimate by federal law. If federal law was not in agreement with a city or state’s policymaking‚ then the policy in question would become nullified. While the federal government supports and enforces the nation’s original drug policy‚ The Controlled Substances Act‚ which continues to categorize marijuana as a prohibited drug‚ Congress has openly
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The purpose of this project is to solve the game of Light’s Out! by using basic knowledge of Linear algebra including matrix addition‚ vector spaces‚ linear combinations‚ and row reducing to reduced echelon form. | Lights Out! is an electronic game that was released by Tiger Toys in 1995. It is also now a flash game online. The game consists of a 5x5 grid of lights. When the game stats a set of lights are switched to on randomly or in a pattern. Pressing one light will toggle it and the lights
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a project of your choice‚ either from your own work or as a hypothetical situation. Be sure that you stae your situation first‚ before you develpp the LP model Linear programming is a modeling technique that is used to help managers make logical and informed decisions. All date and input factors are known with certainty. Linear program models are developed in three different steps: Formulation Solution Interpretation The formulation step deals with displaying the problem in a mathematical
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Simple Linear Regression Model 1. The following data represent the number of flash drives sold per day at a local computer shop and their prices. | Price (x) | Units Sold (y) | | $34 | 3 | | 36 | 4 | | 32 | 6 | | 35 | 5 | | 30 | 9 | | 38 | 2 | | 40 | 1 | | a. Develop as scatter diagram for these data. b. What does the scatter diagram indicate about the relationship between the two variables? c. Develop the estimated regression equation and explain what the
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instructions‚ standards‚ ethics‚ and principles. The term "Policies and Procedures" is adequate to summarize all of the above. Success at work does not come out of spontaneous actions; it is the outcome of organized and well-planned practices. In business‚ we do not act as if we are cooking at home‚ where the recipe could be changed a little bit according to our discretion. Indeed‚ we run business under a strict control of policies and procedures. That way‚ our works are systemized and organized
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FZ1105 - Technology and Policing Module Tutor - Word Count: 958 Deadline: 12 February 2012 Learning Outcome: Describe current‚ relevant legislation‚ policies‚ procedures‚ codes of practice and guidelines in relation to gathering‚ submitting‚ retaining‚ recording and disseminating information. Scenario: The Divisional Commander at Ashbridge Division‚ Hamiltonshire Police has been very concerned for some time about vehicle crime in the Boxton Heath area of the town. She asks her staff to be
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this research is to examine the capital market reactions to a variety of combinations of simultaneous dividend and earnings announcements in the Stock Exchange of Thailand. To examine the effects on share prices of dividend per share and earnings per share by years. 2.Introduction Nowadays‚ there are many model on dividends has attacked the problem of separating the contribution of dividend announcements to abnormal share returns from that earnings and other “confounding events” in a great variety
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01: Introduction to linear control systems Definition 1 (Control system). an interconnection of subsystems and processes forming a configuration that will lead to the desired output‚ given a specified input. Desired output Reference input Control system plant reference input Actual output system response controlled variable The control system manipulates the input of the process to get the desired response 2 EE352: Lecture 01: Introduction to linear control systems
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