Briefly Describe the Method of Limits, and Discuss the Concept

question 40

Essay

Briefly describe the method of limits, and discuss the concept of absolute and relative threshold.

---

Definitions:

Operate

To control the functioning of; manage or run.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Market Demands

The total quantity of a product or service that consumers are willing and able to purchase at various price levels at a given time.