Mathematics theory

May 19th, 2015
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Definition and Application of a Definite Integral in Economics: A definite integral is defined as the area of the region in the xy plane bounded by the graph of f, the x-axis, and the vertical lines x = a and x = b, such that the area above the x-axis adds to the total, and that below the x-axis subtracts from the total. Definition and Application of an Indefinite Integral in Economics: the indefinite integral, sometimes called the anti-derivative, is a function F whose derivative is the function

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Partial Elasticity Coefficient: the partial elasticity coefficient is that of a function of two variables. . If x increases by 1% (holding y as a constant), then z changes by .The Marginal Rate of Substitution of Two Goods: the rate at which we change x by so that utility remains constant. When utility is constant, du = 0 .This means that .Definition and Application of a Definite Integral in Economics: A definite integral is defined as the area of the region in the xy plane bounded by the graph of f, the x-axis, and the vertical lines x = a and x = b, such that the are

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