Note that some functions may not possess a global extrema. 9. Interpret results: Analyze the local and global extrema in the context of your problem and find any critical insights or applications. By ...

Special cases There are two special cases of derivative rules that apply to functions that are used frequently in economic analysis. You may want to review the sections on natural logarithmic ...

This article will discuss the usage of derivatives in economics, but will not explain how to calculate derivatives. Derivatives are widely applied in economic modeling and theory, because they are an ...

use it to find tangent planes. \item Find derivatives of composite functions using the chain rule (matrix multiplication). \item Find derivatives when constraints are in a problem ...

Logarithmic functions, the inverse of exponential functions, are essential for solving equations involving exponential terms and are applied in measuring sound intensity, earthquake magnitude, and ...

Similar relations exist between exponential functions and their derivatives, but these do not appear to be well known, and are not described in any text-book I have been able to consult ...

Linear functions are known for their straight line graphs, while exponential functions show a rapid increase or decrease in values. To help students build their knowledge and understanding of these ...