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**

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

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11th Business Mathematics and Statistics(EMS) : Chapter 6 : Applications of Differentiation : Applications of differentiation in business and economics | Maths

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