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comparative statics is a comparative study of economic conditions at two equilibrium positions under two static conditions at two different points in time. in a comparative static analysis, in fact, we are comparing the equilibrium values of the system corresponding to the two equilibrium positions with one another. this sort of comparative analysis of two equilibrium positions may be described as comparative static analysis.
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How can algebra be used to explain a geometric concept?
I am not sure
How would you explain the concept of probability to a child?
Start with examples like flipping a coin, rolling a die or spinning a dreidel. Then explain in terms they understand. That depends very much on the age of the child.
Explain the concept of correlation and regression line as a forecasting tool?
once an equation for a regression is derived it can be used to predict possible future
How do you explain infinity?
Infinity is the concept of something that never ends. Obvious examples of this can be found in mathematics. A simple one would be "Limn→0 1/n".
Your son has to find the nearest whole number to 6.38 and then the nearest tenth what is the answer?
The answer is that I would try to find out what he understands about rounding and then explain the concept of rounding through examples that he can identify with.
