Economy, asked by JesusKevin, 4 months ago

illustrate the uses of mathematical methodsm in economics​

Answers

Answered by Anonymous
3

Explanation:

Economists use calculus in order to study economic change whether it involves the world or human behavior. Calculus has two main branches: Differential calculus is the study of the definition, properties, and applications of the derivative of a function (rates of change and slopes of curves).


JesusKevin: sir please send me brief details
Anonymous: Mathematics permits economists to conduct quantifiable tests and create models to predict future economic activity. Advancements in computing power, big data techniques, and other advanced mathematics applications have played a large part in making quantitative methods a standard element of economics.
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