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The Differential Calculus

In: Interpreting Mathematical Economics and Econometrics

Author

Listed:
  • Byron D. Eastman

    (Laurentian University)

Abstract

Calculus is concerned with rates of change and as such, its primary interest is in variables as opposed to constants. Suppose, for example, it is observed that an increase in the amount of money spent on advertising results in an increase in the sales of a firm. The hypothesis is that advertising increases sales, or, symbolically, sales is a function of advertising: 3.1 S A L E S = f ( A D V E R T I S I N G ) ]]

Suggested Citation

  • Byron D. Eastman, 1984. "The Differential Calculus," Palgrave Macmillan Books, in: Interpreting Mathematical Economics and Econometrics, chapter 3, pages 19-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17702-8_3
    DOI: 10.1007/978-1-349-17702-8_3
    as

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