ERIC Number: EJ498323
Record Type: Journal
Publication Date: 1994
Rejuvenating Allen's Arc with the Geometric Mean.
Phillips, William A.
Journal of Economic Education, v25 n4 p309-23 Fall 1994
Contends that, despite ongoing criticism, Allen's arc elasticity formula remains entrenched in the microeconomics principles curriculum. Reviews the evolution and continuing scrutiny of the formula. Argues that the use of the geometric mean offers pedagogical advantages over the traditional arithmetic mean approach. (CFR)
Publication Type: Guides - Classroom - Teacher; Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: Teachers; Practitioners
Authoring Institution: N/A