Non-linear functions: introduction. METAL film 4.06

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Uploaded by on Dec 17, 2008

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.

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