The bid-rent curve has a negative slope because the activities balance the bid-rent with the cost of transportation to the point of attraction. Farther distances require greater transportation cost and thus reduce the amount of rent that can be paid. The bid-rent curve indicates why rents, and by inference land values, tend to be higher near central locations. Â« Better Business Bureau | big business Â». Permalink: http://glossary.econguru.com/economic-term/bid-rent+curve.
Recursion in computer programming is exemplified when a function is defined in terms of simpler, often smaller versions of itself. The solution to the problem is then devised by combining the solutions obtained from the simpler versions of the problem.
is also a partial recursive function. 1  Under a partial recursive function, the image of a recursively enumerable set is again a recursively enumerable set. 2  A partial function is a partial recursive function if, and only if, its graph is a recursively enumerable set. 3  Every recursive set is recursively enumerable.