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Essay / Research Paper Abstract
This 5 page paper looks at the use of calculus in business and the way derivatives can be used to examined marginal costs, as well as marginal revenue and marginal profit. The bibliography cites 4 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEbuscaolc.rtf
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Unformatted sample text from the term paper:
strategy and operations management. That are a number of tools that management can use in order to determine the best course of action, however, some may be more
popular than office due to their perceived ease-of-use. The role of calculus in business can be highly valuable; offering away of calculating accurately and scientifically values which can help in
the decision-making process. However, many business managers will shy away from calculus, due to its nature as being difficult to perform. Calculus can be seen as they study of
measures such as change, growth, slope, velocity and other ways that can be used to describe relative changes. There are two main raunchiest to calculus; integral calculus and differential calculus.
Integral calculus aids with the calculation of the accumulated results of change. Differential calculus, and derivatives, helped compute the rates of change. In this paper we will look at the
to use of derivatives in the business environment. The question is how can this scientific method, which has developed over centuries, the utilized
effectively for business. There are many potential business problems where the ability to measure change can be valuable. In this case we will consider the way in which calculus can
be used to calculate marginal cost. It is important for a business to be able to calculate the marginal cost involved in the provision of goods or services. This
can help with production decisions, as well as help to determine whether or not changes should be made based a marginal cost, and the impact this will have on average
total cost of providing a good or service. This is inherently linked to the profit function. 2. Methods and Approach Marginal cost is demands as it will cost to
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