Application of calculus in economics pdf

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an understanding of these topics as they consider graphing using calculus concepts (see 3.6 An Economics Application: Elasticity of Demand. Among the mathematical methods employed is calculus. In this section we illustrate just a few of the many applications of calculus to business and economics Aim Of The Unit. To understand the interpretation and application of the calculus operation of differentiation (slope-finding) in applied subjects such asIn this article we discuss how these concepts of calculus is useful and can be apply in Economics Theory. Differential and integral calculus of algebraic, logarithmic, and exponential functions; applications to business and economics, such as maximum- minimum citadel.edu/faculty/silver/calculus.pdf. application of the calculus if we measure A and B as continuous units. Before studying the application of calculus, let us first define some functions which are used in business and economics. 41.1.1 Cost Function. The total cost C