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In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
The marginal opportunity costs of guns in terms of butter is simply the reciprocal of the marginal opportunity cost of butter in terms of guns. If, for example, the (absolute) slope at point BB in the diagram is equal to 2, to produce one more packet of butter, the production of 2 guns must be sacrificed.
In mathematics, the vertical line test is a visual way to determine if a curve is a graph of a function or not. A function can only have one output, y , for each unique input, x . If a vertical line intersects a curve on an xy -plane more than once then for one value of x the curve has more than one value of y , and so, the curve does not ...
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
Genius (also known as the Genius Math Tool) is a free open-source numerical computing environment and programming language, [2] similar in some aspects to MATLAB, GNU Octave, Mathematica and Maple. Genius is aimed at mathematical experimentation rather than computationally intensive tasks. It is also very useful as just a calculator.
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Agricultural markets are a context where the cobweb model might apply, since there is a lag between planting and harvesting (Kaldor, 1934, p. 133–134 gives two agricultural examples: rubber and corn). Suppose for example that as a result of unexpectedly bad weather, farmers go to market with an unusually small crop of strawberries.
Consider Figure 5 for example. In this case the gun angle as a function of target's range and the target's relative elevation is represented by the thickness of the cam at a given axial distance and angle. A gun direction officer would input the target range and relative elevation using dials. The pin height then represents the required gun angle.