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Chapter: 11th Business Mathematics and Statistics(EMS) : Chapter 6 : Applications of Differentiation

Applications of differentiation in business and economics

In an economic situation, consider the variables are price and quantity.

Applications of differentiation in business and economics

In an economic situation, consider the variables are price and quantity. Let p be the unit price in rupees and x be the production (output / quantity) of a commodity demanded by the consumer (or) supplied by the producer.

1. Demand, supply, cost, revenue and profit functions

2. Elasticity

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11th Business Mathematics and Statistics(EMS) : Chapter 6 : Applications of Differentiation


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