## Applications of calculus in business and economics |

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### Contents

MATHEMATICS IN ECONOMICS AND MANAGEMENT | 1 |

FUNCTIONS IN THE WORLD OF AFFAIRS | 7 |

QUALITY INSPECTION | 31 |

Copyright | |

15 other sections not shown

### Common terms and phrases

ACCELERATION PRINCIPLE accumulated dividends antiderivative artificial sweeteners autonomous consumption board foot book value Calculate and sketch calculus capital budgeting capitalization rate Christmas tree common stock conditional probability consumption function continuous function corner point cost curve cost function cost of capital coupon rate decision problem decreasing returns Defective Spools demand curve demand function differential equation diminishing marginal utility dividend yield dynamic equilibrium dynamic programming economists elasticity of demand Elementary Row Operations equilibrium price expected profit expected utility expected value feasible region fixed costs function for Westgate geometric series gross national product imperfect competition inverse functions isocost isoquant linear programming macroeconomics main diagonal MARGINAL ANALYSIS marginal concept marginal cost marginal revenue market clearing market price mathematical analysis net national product nondefective objective function optimal partial derivatives payout ratio perfect information point solution pool cue present value price of Product price-earnings ratio probability density function probability distribution production function profit function profit maximization quantity discounts rate of return retained earnings returns to scale rH rH risk averse risk neutral simultaneous equations slack variable soft drinks stock market stock valuation sugar supply curve tangent triangular distribution uniform distribution units utility function variable costs Westgate Pure