Solving Models Using Calculus
Published in International series in management science/operations research/International series in operations research & management science • Jan 1, 2022
NobleIDNI1P85W64R17S15
Authors:
Daniel P. Loucks
Abstract
Abstract Solutions to many economic models are based on marginal values of functions, such as marginal costs, marginal benefits, and marginal net benefits, or whatever the function being maximized or minimized represent. These marginal values are the slopes of functions. This chapter introduces how ...
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