Some real Life Application of Derivatives in Economics

Page Numbers: 120-131
Published
2024-05-12
Digital Object Identifier: 10.58578/mjaei.v1i2.2954
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  • Sarswati Kumari Sah M.I.T. Campus, T.U., Nepal
  • Suresh Kumar Sahani Rajarshi Janak University, Janakpurdham, Nepal
  • Kameshwar Sahani Kathmandu University, Nepal
  • Dhiraj Kumar Sharma R.R.M. Campus, Jankpurdham, Nepal

Abstract

In this assignment, we addressed the usage of derivatives in several areas of economics, such as demand elasticity, cost minimization, and profit maximization. In addition, derivatives are used to calculate marginal revenue, marginal cost, and marginal product. This work is motivated by the work of [1-24].

Keywords: Total Cost; Total Revenue; Marginal Cost; Marginal Revenue; Marginal Profit

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How to Cite
Sah, S. K., Sahani, S., Sahani, K., & Sharma, D. K. (2024). Some real Life Application of Derivatives in Economics. Mikailalsys Journal of Advanced Engineering International, 1(2), 120-131. https://doi.org/10.58578/mjaei.v1i2.2954
Issue
Vol 1 No 2 (2024): Mikailalsys Journal of Advanced Engineering International
Section
Articles

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