Titlebook: Introductory Mathematics for Economics and Business; K. Holden,A. W. Pearson Textbook 1992Latest edition Palgrave Macmillan, a division of

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Non-linear Equations,= 0, and . is the . or ., since if . increases by 1, . increases by .. For a linear function the slope is a constant. If the equation represents a cost function, with . as the level of output (where .0) and . as the total cost, then . is the marginal cost of an extra unit of output. Here it is assum

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Differential Calculus,and . the quantity produced then the equation . can be represented by a straight line, whilst . can be represented by a straight line, whilst . can be represented by a curve. The graphs of these equations allow the cost to be determined for permissible levels of production.

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Differential Equations,between the derivative of . with respect to . and the value of . itself. It contains only the first-order derivative and is, therefore, known as a . and because this term is only raised to the power one it is a . equation.

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Difference Equations,ble with respect to the other, (i.e. ./.). We know that this rate of change (or derivative) relates to variables which change continuously. In this chapter we will be considering variables which change in discrete steps and in particular variables which are measured at or over certain periods of tim

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