Question: qn 1 a what do you understand by quantitative analysis...
Qn 1 a) what do you understand by Quantitative analysis and quantitative approach?
Qn 2. i)where do we apply differential calculus?
ii)Apply the knowledge of rules of differentiation on the following
a)use Product rule and differentiate the following,
Village fresh dairy farm faces the non linear demand schedule P= (500-0.2Q) 1.5,what output should it sell to maximize its total revenue?
b)use quotient rule in the equation,derive marginal revenue ,Remember TR = P.Q
P = 250 / (2+Q) 0.5