Mikailalsys Journal of Advanced Engineering International
Vol 1 No 2 (2024): Mikailalsys Journal of Advanced Engineering International

Some real Life Application of Derivatives in Economics

Sah, Sarswati Kumari (Unknown)
Sahani, Suresh Kumar (Unknown)
Sahani, Kameshwar (Unknown)
Sharma, Dhiraj Kumar (Unknown)

Article Info

Publish Date
12 May 2024

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].

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Journal Info
Mikailalsys Journal of Advanced Engineering International
Website

Abbrev

MJAEI

Publisher

Lembaga Yasin Alsys

Subject

Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Electrical & Electronics Engineering Engineering Mechanical Engineering

Description

Mikailalsys Journal of Advanced Engineering International [3046-8914 (Print) and 3046-9694 (Online)] is a double-blind peer-reviewed, and open-access journal dedicated to disseminating all information contributing to the understanding and development of the fields of engineering and technology ...