MATHEMATICS II - Unit 3 Chapter Summary
How are “total functions” calculated starting from the marginal functions? What is consumer and producer surplus? How are these concepts affected in a change in the equilibrium market price? What is the total surplus? How may you intrepret the decrease or increase in the total surplus in terms of the public? Why is the Gini index important? What may be the reason of use of the time value of money in the investment projects?