Section 2.7 - Applications of Derivatives to Business and Economics

[@lincadmin7131]

wow, your lecture is so good, but I have a curiosity from the question that tells the equation for demand is p = 10 - 0.001x. So, if you want to applied it in real life, how to create the demand equation? From this example, what is the meaning of this demand equation?

[@beoptimistic5853]

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[@andrewliu3111]

Wow this video makes math really fun!

[@Dor-mammu]

ty so much in india no one mada a video on this topic

[@amospatrick3265]

How did you get the 5000

[@francisodeh2104]

i enjoyed the lecture a lot and your explanation as well. can you please a video on Application of multivariate partial differential calculus to Economic if you dont mind?

[@daudidolqe5066]

Need more of your assistance.thnks alot

[@nafasatnadeem8038]

How to create demand equation? and why we put marginal Revenue and Profit equals to "0"?

[@jackwylie7668]

It is setting the derivative of the profit to zero, which is the slope. When the slope is 0, this equation is at its highest point.

[@vionamillian192]

@@jackwylie7668 Great answer. We set it to 0 to find the amount of the 'x' and the 'p'

[@beoptimistic5853]

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[@noorhiryanirosli]

@@beoptimistic5853 ur video is private maam. I would like to know too

[@rojdaerkol5959]

you are perfect

[@afnanm9564]

4 mins of this video is worth 5 videos

[@Wada19]

Thank you

[@rameenshoaib3283]

Book name?

[@beoptimistic5853]

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[@dickwilliams7573]

Isn't the 5,000 in the first problem always gonna be a max?

[@vionamillian192]

No, it is only will be the max revenue, different from profit. profit is diff from revenue.