Title:

Non-Linear Functions - Introduction

Author(s):

METAL (Mathematics for Economics: enhancing Teaching and Learning)

Description:

The mathematics of Linear Programming is a useful tool. However, many relationships are not linear. How do we establish the price and quantity of a commodity if supply and demand functions are non-linear? Similarly, there may be non-linear relationships in the market for labour. And as we shall see, even where a demand curve is linear some of the important relationships that exist within such markets may not be linear. (Duration 10 minutes 27 seconds). Part of a series of films from the METAL (Mathematics for Economics: enhancing Teaching and Learning) project that use a variety of industries as examples, to examine how businesses can maximise profits by using the mathematical technique of linear programming. This series also examines non-linear functions. They are fundamental building blocks for a course of mathematics for economics. These video clips and animations can be viewed in isolation, or via the learning pathway links to related materials in a Question Bank.

Keywords:

maths; mathematics; economics; metalproject; linear programming

Licence:

Attribution-Noncommercial-Share Alike 2.0 UK: England & Waleshttp://creativecommons.org/licenses/by-nc-sa/2.0/uk/

Persistent URL:

http://dspace.jorum.ac.uk/xmlui/handle/10949/6957