Material Detail

Micro theory :: Long-run Cost: The envelope theorem

Micro theory :: Long-run Cost: The envelope theorem

By means of four spin buttons, the user sets the parameters for a parabola and the parabolic path of its vertex so that the implied family of parabolas generate an envelope that is also a parabola. An accompanying graph automatically updates. Another spin button gives the user some control over the spacing of five parabolas in the family. A sixth spin button allows the user to slide the "base" parabola along the envelope. Click the image above left to see a screen capture of the interface. Jon Peltier of Peltier Technical Services, Inc., contributed materially to this module.
Rate

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collection (1) Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.