In the applet below is intended to help you understand the connection between the graph of a function and the function itself. Recall that a function can be thought of as a machine which takes an ...

1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...

In this article, I'll be exploring the basics of Python, i.e. variables, input and output. You'll need Python (2.7+), a computer, and some free time. Variables Simply put, variables are like envelopes ...