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3 hours ago · (The non-linear terms in θ can also matter by capturing the omitted terms in marginal cost, such as productivity or expected future θ, independent of any asymmetry in wage adjustment.) Interpretations of this sort that draw on economic theory without being tied to a single model would be useful.
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1 day ago · The mean value theorem is a generalization of Rolle's theorem, which assumes , so that the right-hand side above is zero. The mean value theorem is still valid in a slightly more general setting. One only needs to assume that is continuous on , and that for every in the limit. exists as a finite number or equals or .
3 hours ago · Under Internal Capital Adequacy Assessment 9.4A, a firm is required to calculate the impact of the change in interest rates described in Internal Capital Adequacy Assessment 9.7 on the economic value of equity of a firm’s non-trading book activities. A firm should perform this calculation regularly, and at least quarterly.
3 hours ago · Linear programming has had a tremendous impact in the modeling and solution of a great diversity of applied problems, especially in the efficient allocation of resources. As a result, this methodology forms the backbone of introductory courses in operations research. What students, and others, may not appreciate is that linear programming transcends its linear nomenclature and can be applied ...
