An Excel workbook called DemandCurve.xls provides a simple example of how to use Solver and the Comparative Statics Wizard to set up a standard consumer theory optimization problem and then derive a ...

If you understand the definition of a mathematical function, a good way to judge it is that any line drawn parallel to the y-axis intersects with the values in the function’s curve only once. The same ...

A variable undergoing logistic growth initially grows exponentially. After some time, the rate of growth decreases and the function levels off, forming a sigmoid, or s-shaped curve. For example, an ...