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The long-run cost curve is a cost function that models this minimum cost over time, meaning inputs are not fixed. Using the long-run cost curve, firms can scale their means of production to reduce the costs of producing the good. [1] There are three principal cost functions (or 'curves') used in microeconomic analysis:
The total cost curve, if non-linear, can represent increasing and diminishing marginal returns.. The short-run total cost (SRTC) and long-run total cost (LRTC) curves are increasing in the quantity of output produced because producing more output requires more labor usage in both the short and long runs, and because in the long run producing more output involves using more of the physical ...
The blue area above the x-axis may be specified as positive area, while the yellow area below the x-axis is the negative area. The integral of a real function can be imagined as the signed area between the x {\displaystyle x} -axis and the curve y = f ( x ) {\displaystyle y=f(x)} over an interval [ a , b ].
In graph theory, a tolerance graph is an undirected graph in which every vertex can be represented by a closed interval and a real number called its tolerance, in such a way that two vertices are adjacent in the graph whenever their intervals overlap in a length that is at least the minimum of their two tolerances. [1]
The nested triangles graph requires this much area no matter how it is embedded, [2] and several methods are known that can draw planar graphs with at most quadratic area. [3] [4] Binary trees, and trees of bounded degree more generally, have drawings with linear or near-linear area, depending on the drawing style.
Simpson's rules are used to calculate the volume of lifeboats, [6] and by surveyors to calculate the volume of sludge in a ship's oil tanks. For instance, in the latter, Simpson's 3rd rule is used to find the volume between two co-ordinates. To calculate the entire area / volume, Simpson's first rule is used. [7]
In the mathematical field of algebraic graph theory, the degree matrix of an undirected graph is a diagonal matrix which contains information about the degree of each vertex—that is, the number of edges attached to each vertex. [1]
It is 2 π for convex curves in the plane, and larger for non-convex curves. [1] It can also be generalized to curves in higher dimensional spaces by flattening out the tangent developable to γ into a plane, and computing the total curvature of the resulting curve. That is, the total curvature of a curve in n-dimensional space is