�y��vlog

Recommend ReportPermalinkreply Jasiek w japonii Jul 17th 2012 16:18 GMT Due to the principle of marginal utility, the shape of the schedule of the marginal efficiency can be assumed to be a down-sloping rectangular hyperbola around the y-axis.

When the schedule is lingering low, if an intensified monetary easing reduces the market rate of interest it will increase the volume of investment, thus nicely causing a boom, because the schedule of the marginal efficiency of capital is a down-sloping rectangular hyperbola around the y-axis: That is what R.A. and mainstream economists attach great importance to.

The solution of this problem with a determination of the limits of possibility are given in a fragment by Archimedes, discovered and preserved for us by Eutocius in his commentary on the book; they are effected by means of the points of intersection of two conics, a parabola and a rectangular hyperbola.

These equations represent, in Cartesian co-ordinates, and with rectangular axes, the conics by the intersection of which two and two Menaechmus solved the problem; in the case of the rectangular hyperbola it was the asymptote-property which he used.