A linear demand curve is a line representing the relationship between the demand for a product or service and its price. Everyone knows that sales are proportional to price: The more you charge ...

However this is not the case with non-linear functions. A non-linear function does not have a constant slope. Consider the non-linear function shown below. What is the slope at some point such as P?

MRP curve is determined by (1) the function which is convex with respect to L, and (2) the function. Since many well-known production functions, such as the Cobb-Douglas [4], CES (see Arrow, Chenery, ...

The graph of a non-linear function is a curved line. A curved line is a line whose direction constantly changes. A cautionary note: Economists are accustomed to designate all lines in graphs as curves ...

Proposes an algorithm to find piecewise linear skeletons of handwritten characters by using principal curves. The development of the method was inspired by the apparent similarity between the ...