ANALYSIS OF DEMAND, SUPPLY, AND REVENUE FUNCTIONS USING DERIVATIVES
DOI:
https://doi.org/10.55640/Keywords:
marginal analysis, hosilae, microeconomics, optimization, maximization, minimization, elasticity, market equilibrium.Abstract
This article examines the use of mathematics in economics with a focus on marginal analysis and production optimization, the application of the hosilae to economics, and in the context of elastic demand and supply analysis. The article reveals the importance of mathematical methods and concepts in economics, their use in analyzing problems and finding optimal solutions, as well as their role in understanding market processes and making economic decisions.
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