Economy, asked by Madeehasahani8134, 1 year ago

Applications of differential equations in economics

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Answered by muskansingh22

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An Application of Ordinary Differential Equations in Economics: Modeling Consumer's Preferences Using Marginal Rates of. Substitution. JORGE MARQUES. Faculty of Economics. PORTUGAL. Abstract: The aim of this paper is to deﬁne consumer's preferences from the differentiable point of view in the sense. space of two goods. ...

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