Use of calculus in economics
[DOC File]Calculus Syllabus
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omit (graphing with calculus and calculators) omit (applications to economics) Note: Inverse trig functions are not covered in the main body of the text, but their derivatives are treated in the section on implicit differentiation. Make sure to review the inverses of the sine, cosine and tangent functions at the appropriate time.
[DOC File]Section 1
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Use the techniques of calculus to determine the desired maximum or minimum value. Answer the question (including units). Procedures for Solving Optimization Problems * * Mean Value Theorem (MVT) For a differentiable function f(x), the slope of the secant line through (a, f(a)) and (b, f(b)) equals the slope of the tangent line at some point c ...
[DOC File]Calculus Review
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AGEC 317 will introduce, review, reinforce and use these concepts, whereas higher-level AGEC courses will expand and assume knowledge of these basic concepts and the use of calculus. Elasticities , in general, can be calculated as , where f(x) is the function of interest and x is the variable of interest.
[DOC File]Chapter 2
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Use calculus to estimate the change in unskilled labor y that should be made to offset a 1-hour increase in skilled labor x so that output will be maintained at its current level. a) –16.64 hours b) –6.46 hours c) –0.06 hours d) 0.06 hours. Ans: a Difficulty: moderate Section: 2.6. Chapter 2. Page 38. Page 21. Title ...
[DOC File]Introductory economics does not require calculus nor heavy ...
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Disclaimer: The review may help you prepare for the exam. The review is not comprehensive and the selected topics may not be representative of the exam. In fact, we do not know what will be on the exam. We try to make our answers complete, but we cannot guarantee their correctness. Use at your own risk and use good judgment.
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