Week 3-4: Uses of derivative in Economics

Increasing and decreasing functions, Concavity and convesity, Relative extrema, Inflection Points Optimization of Functions, successive -derivative  test for optimization, marginal Concepts, Optimizating economics functions, relatioship among total, marginal, and average concepts.Profit maximization and cost minimization under perfect competition and monopoly,Tax/subsidy and Optimization, Optimization under Price discrimination.

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price-elasticity-of-demand-and-supply.pdf (1.00 MB )

optimization-under-price-discrimination.pdf (3.23 MB )

economics-aplication-of-derivative.pdf (7.21 MB )

utility-maximization.pdf (5.51 MB )