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Business Mathematics by Chirag Trivedi, Kashyap Trivedi

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13

Applications of Calculus (Application of Derivative)

LEARNING OBJECTIVES

After studying this chapter, the student will be able to understand:

  • Partial Derivative
  • Application of derivatives in economics
  • Application of derivatives in mathematics
  • Application of integration.
  • Application of partial derivatives
INTRODUCTION

Derivatives have a wide range of applications to a very large number of disciplines such as engineering, business economics, physics, social sciences, etc. and integration has a wide range of applications to a very large number of disciplines such as business and economics, biology, geometry and probability. In this chapter we shall discuss some of these applications.

PARTIAL DERIVATIVES AND THEIR APPLICATIONS

Suppose z ...

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