Cartoon Calculus: Ch 10 (Economics)

Quick links to Front matter, Back matter, and:
Part One: Ch 1: Introduction, Ch 2: Speed, Ch 3: Area, Ch 4: Fundamental theorem, Ch 5: Limits
Part Two: Ch 6: Derivatives, Ch 7: Toolkit, Ch 8: Extreme, Ch 9: Optimization, Ch 10: Economics
Part Three: Ch 11: Hard way, Ch 12: Easy way, Ch 13: Revisited, Ch 14: Physics, Ch 15: Conclusion

Page 119: Introductory page

Pages 120-121: Economics is about… // …and that makes calculus extremely handy…

Pages 122-123: What makes optimization problems in economics special… // The way economists balance them…

MB: p.122 Define Q.

WM: Page 122 – I would use the gag “Isn’t that special?”, but younger readers won’t get the joke, and Dana Carvey would sue you.

MB: p. 123 Maybe pick different numbers so the 2 Q^2 doesn’t come in on both sides?

Pages 124-125: A mathematician would set up this problem… // An economist would head for the same destination…

Pages 126-127: The way for you to find economics enlightenment… // Now let’s apply the same logic…

MB: p. 127 Explicitly define marginal cost and marginal revenue.

WM: Good explanation on page 127.

Pages 128-129: Similar examples of marginal analysis… // Of course, we shouldn’t forget…

Page 130: When you encounter more economics…

Quick links to Front matter, Back matter, and:
Part One: Ch 1: Introduction, Ch 2: Speed, Ch 3: Area, Ch 4: Fundamental theorem, Ch 5: Limits
Part Two: Ch 6: Derivatives, Ch 7: Toolkit, Ch 8: Extreme, Ch 9: Optimization, Ch 10: Economics
Part Three: Ch 11: Hard way, Ch 12: Easy way, Ch 13: Revisited, Ch 14: Physics, Ch 15: Conclusion

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