Question

How can you apply the idea of differential calculus in Business studies?

Answer 1

Answer:

Calculus, by determining marginal revenues and costs, can help business managers maximize their profits and measure the rate of increase in profit that results from each increase in production. As long as marginal revenue exceeds marginal cost, the firm increases its profits.

Answer 2

Answer:

Calculus, by determining marginal revenues and costs, can help business managers maximize their profits and measure the rate of increase in profit that results from each increase in production. As long as marginal revenue exceeds marginal cost, the firm increases its profits.

Explanation:

In mathematics, differential calculus is used, To find the rate of change of a quantity with respect to other.