Define constant in mathematics in economic anlysis
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Variables frequently appear in combination with fixed numbers or constants, such as in the expressions IP or 0.5R. A constant is a magnitude that does not change and is therefore the antithesis of a variable. When a constant is joined to a variable, it is often referred to as the coefficient of that variable.
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Variables frequently appear in combination with fixed numbers or constants, such as in the expressions IP or 0.5R.
A constant is a magnitude that does not change and is therefore the antithesis of a variable.
When a constant is joined to a variable, it is often referred to as the coefficient of that variable
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