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Calculus Optimization Problems

"Some economics problems can be modeled and solved as calculus optimization problems. These problems usually include optimizing to either maximize revenue, minimize costs, or maximize profits. Solving ...

Maxima and Minima

"Finding relative maxima and minima of a function can be done by looking at a graph of the function. A relative maximum is a point that is higher than the points directly beside it on both sides, and ...

Marginal Cost and Revenue

"The marginal cost and marginal revenue are the additional amount of cost or revenue that arise from producing one more item. If you take the derivative of the cost and revenue functions, you get appr ...

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