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helloprajna October 16th, 2012 12:15 AM

application of differentiation in economics
 
How to solve this problem?
If x be the labour, y be its charges and
then how much charge will there be when we increase the labour by a small amount?
Is the answer like this:- dy= 10x-3dx ?

MarkFL October 16th, 2012 12:29 AM

Re: application of differentiation in economics
 
If we use the differential as a linear approximate, we may write

hence:



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