[T]he superstition that the budget must be balanced at all times, once it is debunked, takes away one of the bulwarks that every society must have against expenditure out of control. . . . [O]ne of the functions of old-fashioned religion was to scare people by sometimes what might be regarded as myths into behaving in a way that long-run civilized life requires.
Total Variable Cost Function:
$C=x(x^2-3cx+({3c}/2)^2+b^2)$, $c>0$, $b≥{√3c}/2$
e.g. $c=4$, $b=4$: $C=x(x^2-12x+52)$, $MC=3x^2-24x+52$
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Sourced factual corrections are always published and acknowledged.
I will respond or not respond to comments as the mood takes me. See my latest comment policy for details. I am not a pseudonomous-American: my real name is Larry.
Comments may be moderated from time to time. When I do moderate comments, anonymous comments are far more likely to be rejected.
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No comments:
Post a Comment
Please pick a handle or moniker for your comment. It's much easier to address someone by a name or pseudonym than simply "hey you". I have the option of requiring a "hard" identity, but I don't want to turn that on... yet.
With few exceptions, I will not respond or reply to anonymous comments, and I may delete them. I keep a copy of all comments; if you want the text of your comment to repost with something vaguely resembling an identity, email me.
No spam, pr0n, commercial advertising, insanity, lies, repetition or off-topic comments. Creationists, Global Warming deniers, anti-vaxers, Randians, and Libertarians are automatically presumed to be idiots; Christians and Muslims might get the benefit of the doubt, if I'm in a good mood.
See the Debate Flowchart for some basic rules.
Sourced factual corrections are always published and acknowledged.
I will respond or not respond to comments as the mood takes me. See my latest comment policy for details. I am not a pseudonomous-American: my real name is Larry.
Comments may be moderated from time to time. When I do moderate comments, anonymous comments are far more likely to be rejected.
I've already answered some typical comments.
I have jqMath enabled for the blog. If you have a dollar sign (\$) in your comment, put a \\ in front of it: \\\$, unless you want to include a formula in your comment.
Note: Only a member of this blog may post a comment.