Abstract
In Chapters 1 and 3 we saw that an equation relating two variables could be represented by a graph. For example, if y is the total cost of production and x the quantity produced then the equation
can be represented by a straight line, whilst
can be represented by a straight line, whilst
can be represented by a curve. The graphs of these equations allow the cost to be determined for permissible levels of production.
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© 1992 K. Holden and A. W. Pearson
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Holden, K., Pearson, A.W. (1992). Differential Calculus. In: Introductory Mathematics for Economics and Business. Palgrave, London. https://doi.org/10.1007/978-1-349-22357-2_5
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DOI: https://doi.org/10.1007/978-1-349-22357-2_5
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-57650-2
Online ISBN: 978-1-349-22357-2
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