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Chapter 8 Notes

Chapter 8 discusses the application of differential and integral calculus in economics, focusing on differentiation techniques such as the chain rule, implicit functions, parametric functions, and logarithmic functions. It also covers integration by parts and the properties of definite integration, emphasizing the importance of understanding whether to find average or marginal values. The chapter provides guidelines for determining maximum or minimum values in economic functions.

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0% found this document useful (0 votes)
34 views3 pages

Chapter 8 Notes

Chapter 8 discusses the application of differential and integral calculus in economics, focusing on differentiation techniques such as the chain rule, implicit functions, parametric functions, and logarithmic functions. It also covers integration by parts and the properties of definite integration, emphasizing the importance of understanding whether to find average or marginal values. The chapter provides guidelines for determining maximum or minimum values in economic functions.

Uploaded by

amitsingh572008
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Chapter 8 : application of differential

and integral calculus in economics


DIFFERENTIATION

dy
y = f (x) = f 0 (x) • chain rule
dx
k 0
xn nxn¡1
• Implicit function: f(y) = f(xy) jaise diya hai waise hi
x 1 differentiate karo and then adjustment karo dy/dx one
p 1
x p side other terms on another side
2 x
1 1
¡
x x2 • Parametric function : y = f(t) and x = f(t) is given
a x x
a log a find dy/dt and dx/dt and divide to find dy/dx
x
ex e • Logarithmic function : log ke rules use karke change the y
1
log x
x = f(x) as log y = log f(x)
du dv Remember last me y ko multiple karna hai to find dy/dx
u§v §
dx dx
dv du
u¢v u¢ +v¢ • Second order differentiation: differentiation ka
dx dx
differentiation
u du dx
v¢ ¡u
v dx dx
V2
ku du
k
dx

INTEGRATION
Integration by parts

U shall be logarithmic function or algebraic function or exponential function

DEFINITE INTEGRATION

Properties of definite integration


• Other points
1. if function is increasing
2. If function is decreasing
3. When you have to find maximum or minimum value , then following the following steps

Do not forget to check what is asked average or marginal


If marginal cost / revenue is asked then first differentiate given function and then follow
above steps .

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