Calculus

Study of continuous change through derivatives and integrals.

Practical Applications

Economics and Optimization

Making Smart Choices with Calculus

Businesses and economists use calculus to maximize profits and minimize costs. Derivatives help find optimal pricing, production levels, and investment strategies.

  • Profit Maximization: Find where the rate of profit increase is zero.
  • Resource Allocation: Allocate resources for maximum efficiency.
  • Cost Minimization: Design products with minimal material for given constraints.

Calculus is a powerful decision-making tool in economics, business, and everyday life!

Examples

  • A company uses derivatives to set the price that maximizes profit.

  • Minimizing the material used to make a soda can for a fixed volume using calculus.