Week 5-6: 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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profit-maximization.pdf (2.32 MB )

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

constrained-and-unconstrainedtion-optimization.pdf (4.18 MB )

optimization-of-cost-and-revenue.pdf (2.29 MB )

profit-maximization.pdf (5.39 MB )

04-05-202010.pdf (2.87 MB )

uses-of-the-derivative-in-economics.pdf (2.87 MB )