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Define implicit function and explicit function of Economics with examples.

I kinda know that explicit function has its variables explicitly defined, but I've no idea about implicit function. Can you pls help? I also have no idea about examples.

davidapdavidap asked 2 years ago

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Answers

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You are right, Dibas. Here is the answer:

The implicit function is a function in which independent and dependent variables are not defined properly. For example, f(x, y) = 0. In this function, x and y isn’t defined properly. We don’t know which is the independent variable and which is the dependent variable.

The explicit function is a function where independent and dependent variables are explicitly defined. For example, y = f(x). In this function, we know y is the function of x. So, ‘x’ is the independent variable and ‘y’ is the dependent variable.

ramesrames answered 2 years ago

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