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Applications of calculus in business and economics

Author: Thompson, Howard E. Publisher: W.A. Benjamin, 1973.Language: EnglishDescription: 492 p. : Graphs ; 24 cm.ISBN: 0805392734Type of document: BookBibliography/Index: Includes index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HB135 .T46 1973
(Browse shelf)
001261066
Available 001261066
Total holds: 0

Includes index

Digitized

Applications of Calculus in Business and Economics Contents 1. MATHEMATICS IN ECONOMICS AND MANAGEMENT 1.1 Is Mathematics Useful in Economics and Management? 1.2 The Role of Mathematics in the Academic Study of Economics and Management 1.3 The Role of Mathematics in the Practice of Business and Economics 1.4 The Organization of This Book 2. FUNCTIONS IN THE WORLD OF AFFAIRS 2.1 Functions in Economic Theory 2.2 Demand Functions 2.3 Cost Functions 2.4 The Profit Function 2.5 Functions in the World of Affairs 3. QUALITY INSPECTION 3.1 Threads and Spools 3.2 Inspecting Spools 3.3 Designing an Inspection Plan 3.4 Average Outgoing Quality 3.5 Quality Inspection 4. GEOMETRY AND ECONOMIC REASONING 4.1 The Role of Geometry in Economic Analysis 4.2 Demand, Supply, and Price 4.3 National Income and the Multiplier 1 1 2 4 6 7 7 7 17 21 22 31 31 32 45 55 59 63 63 64 81 4.4 Multiproduct Production 4.5 Geometry and Economic Reasoning 5. DEVELOPING MARKET DEMAND AND SUPPLY FUNCTIONS 5.1 Combining Demand and Supply Decisions of Individuals 5.2 Combining Individual Demand Curves 5.3 Combining Individual Supply Curves 5.4 Developing Market Demand and Supply Functions 6. STOCKS AND BONDS 6.1 Capital and Its Acquisition 6.2 The Concept of Present Value 6.3 Bond Prices 6.4 Stock Prices 7. MARGINAL ANALYSIS 7.1 The Concept of the Margin in Economic Analysis 7.2 Marginal Analysis in the Theory of the Firm 7.3 Marginal Analysis and Investment 7.4 Marginal Analysis and the Derivative 8. EQUILIBRIUM 8.1 Two Important Questions of Policy 8.2 Market Equilibrium in a Static World: A Problem in Ecology 8.3 Market Equilibrium in a Dynamic World 8.4 Equilibrium, Convergence, and the Real World 86 92 97 97 98 104 110 113 113 114 115 128 140 140 140 159 165 168 168 170 189 197 9. OPTIMAL INVENTORY 9.1 Building a Retail Distribution Warehouse 9.2 Costs in Inventory Problems 9.3 Minimizing Total Inventory Costs 9.4 The Warehouse Again 10. CAPITAL BUDGETING 10.1 Capital Budgeting Again 10.2 Evaluating the Rate of Return on a Project 10.3 An Analytical Convenience 10.4 Mathematics and Capital Budgeting 11. PROBLEMS IN MACROECONOMICS 11.1 Some Concepts of Macroeconomics 11.2 The Consumption Function 11.3 Income Determination: A Simple Model 11.4 Income Determination: Government and Taxes 11.5 What Was Left Out? 12. MORE ON BEHAVIOR OF THE FIRM 12.1 The Firm 12.2 Production Process 12.3 The Cost-Output Function 12.4 Decision on Output 13. ECONOMIC GROWTH AND CHANGE 13.1 The Acceleration Principle 13.2 Income Determination by the Interaction of Accelerator and Multiplier 13.3 Forecast Errors and Income 201 201 202 206 217 222 222 225 242 249 252 252 255 258 262 272 276 276 277 291 295 306 306 307 314 13.4 Cycles in Income 13.5 Differential Equations in Economics 14. COMMON STOCKS AND THE ROLE OF THE STOCK MARKET 14.1 The Valuation of Common Stock 14.2 Dividends and Dividend Growth 14.3 Models for Stock Valuation 14.4 The Role of the Stock Market 15. DECISIONS UNDER UNCERTAINTY: (1) BASIC CONCEPTS 15.1 Uncertainty and Probability 15.2 Decisions and Utility 15.3 Choice Between Risky Alternatives 15.4 The Value of Information 15.5 Decisions Under Uncertainty 16. DECISIONS UNDER UNCERTAINTY: (2) ADVANCED APPLICATIONS 16.1 An Analytical Approach to Inventory Problems 16.2 An Analytical Approach to Comparing Risky Alternatives 16.3 Dynamic Decision Problems 16.4 Dynamic Programming and the Optimal Solution 16.5 Postscript 17. FIRMS WITH TWO PRODUCTS 17.1 A More Realistic Firm 17.2 Competitive and Complementary Demand Relationships 17.3 Economies and Diseconomies in Cost 321 330 334 334 336 340 356 361 361 363 371 376 383 386 387 396 398 405 415 419 419 420 424 17.4 Optimal Output in a Two-Product Firm 17.5 Multiproduct Firms 18. MORE ON MULTIPRODUCT FIRMS: LINEAR PROGRAMMING 18.1 Formulation of the Problem and Properties of the Solution 18.2 Finding Corner Points 18.3 Linear Programming Technique 18.4 Linear Programming in Practice INDEX 426 439 442 442 448 467 485 488

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