Claim Missing Document
Check
Articles

Found 3 Documents
Search

Use of Differential Equations in Population Growth Analysis Sah, Sarswati Kumari; Sahani, Suresh Kumar
Asian Journal of Science, Technology, Engineering, and Art Vol 2 No 6 (2024): Asian Journal of Science, Technology, Engineering, and Art
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/ajstea.v2i6.3951

Abstract

In this assignment we discussed differential equation applications in real-world scenarios. Differential equations are a significant area of mathematics with applications in many fields, including engineering, astronomy, biology, chemistry, physics, economics, and finance. Differential equations are used in economics to explain many concepts such as restricted and infinite growth, equilibrium and stability, and the dynamics of supply and demand in an economy. Differential equations will be used to examine several facets of Nepal in this research assignment.
Some real Life Application of Derivatives in Economics Sah, Sarswati Kumari; Sahani, Suresh Kumar; Sahani, Kameshwar; Sharma, Dhiraj Kumar
Mikailalsys Journal of Advanced Engineering International Vol 1 No 2 (2024): Mikailalsys Journal of Advanced Engineering International
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/mjaei.v1i2.2954

Abstract

In this assignment, we addressed the usage of derivatives in several areas of economics, such as demand elasticity, cost minimization, and profit maximization. In addition, derivatives are used to calculate marginal revenue, marginal cost, and marginal product. This work is motivated by the work of [1-24].
Real Life Application of Consumer and Producer Surplus khatun, Aafrin; Sah, Sarswati Kumari; Sahani, Suresh Kumar; Mahto, Shyam Kishor
Mikailalsys Journal of Advanced Engineering International Vol 1 No 3 (2024): Mikailalsys Journal of Advanced Engineering International
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/mjaei.v1i3.3846

Abstract

In this assignment, we addressed the usage of consumer and producer surplus in various sectors as business sector, medical sector, engineering sector, non profit sector and educational sector. Businesses employ consumer excess to draw in new clients, boost client satisfaction, expand their product offerings, and maintain their position as leaders in their sector. The idea is to determine what advantages consumers can have from purchasing a product and then reduce the price of that product to provide those advantages to them in excess.