My Math Forum  

Go Back   My Math Forum > Science Forums > Economics

Economics Economics Forum - Financial Mathematics, Econometrics, Operations Research, Mathematical Finance, Computational Finance


Reply
 
LinkBack Thread Tools Display Modes
October 16th, 2012, 12:15 AM   #1
Senior Member
 
Joined: Sep 2012

Posts: 112
Thanks: 0

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 ?
helloprajna is offline  
 
October 16th, 2012, 12:29 AM   #2
Senior Member
 
MarkFL's Avatar
 
Joined: Jul 2010
From: St. Augustine, FL., U.S.A.'s oldest city

Posts: 12,211
Thanks: 520

Math Focus: Calculus/ODEs
Re: application of differentiation in economics

If we use the differential as a linear approximate, we may write

hence:

MarkFL is offline  
Reply

  My Math Forum > Science Forums > Economics

Tags
application, differentiation, economics



Search tags for this page
Click on a term to search for related topics.
Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Application of differentiation Tear_Grant Calculus 3 April 15th, 2015 09:15 AM
application of differentiation in economics helloprajna Economics 4 October 28th, 2012 08:37 AM
application of differentiation in economics helloprajna Economics 7 October 16th, 2012 12:16 AM
Application Of Derivatives in Commerce and Economics Ansh Agrawal Economics 8 February 13th, 2012 01:24 AM
Differentiation application Ronaldo Complex Analysis 3 December 31st, 1969 04:00 PM





Copyright © 2019 My Math Forum. All rights reserved.