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How does differential calculus assist managers in their optimization problems when faced with single variables?

      

How does differential calculus assist managers in their optimization problems when faced with single variables?

  

Answers


Wilfred
When faced with single variable the differentiation of a function of cost, revenue or profit will give optimum conditions when equated to zero. Depending on what is to be optimized a manager can be able to obtain the quantity of variable that will optimize a given function.
For example, a fund manager can check behaviour of a given stock and determine the optimum time to purchase the stock, by differential calculus
Wilfykil answered the question on February 20, 2019 at 11:07


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