Week 10 & 11
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Week 10: Economic applications of derivative. Concept of maxima & minima, elasticity and point of inflection. Profit & revenue maximization under perfect competition, under monopoly. Maximizing excise tax revenue in monopolistic competitive market, Minimization of cost etc. |
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Week 11: Partial & Total Differentiation: Partial differentiation & its rules. Higher order & cross partial derivatives (young's theorem). Total differential & total derivatives. |
Course Material
- Chapters 10
- Department Economic (SCB)
- Teacher
Dr. Nisar Ahmad
