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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].

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