Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

A linear equation is drawn as a straight line on a set of axes. To draw the graph we need coordinates. We generate these coordinates by substituting values into the linear equation. STEP 1 - Draw a ...

Oil field operators can use several practical equations for calculating flow rates of natural gas through venturi gas-lift valves. For critical flow, this analysis derived such equations from a ...

THE “simplified” method of calculating a linear regression put forward by Aldridge, Berry and Davies 1 is the well-known method of orthogonal polynomials which was put on a practical working basis by ...

Grade school math students are likely familiar with teachers admonishing them not to just guess the answer to a problem. But a new proof establishes that, in fact, the right kind of guessing is ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Thomas J Catalano is a CFP and Registered Investment ...