ERIC Number: EJ875496
Record Type: Journal
Publication Date: 2006
Abstractor: As Provided
Reference Count: 0
The Calculus of Elasticity
Gordon, Warren B.
AMATYC Review, v27 n2 p53-55 Spr 2006
This paper examines the elasticity of demand, and shows that geometrically, it may be interpreted as the ratio of two simple distances along the tangent line: the distance from the point on the curve to the x-intercept to the distance from the point on the curve to the y-intercept. It also shows that total revenue is maximized at the transition point from elastic to inelastic demand; when elasticity is unitary.
Descriptors: Calculus, Mathematics Instruction, College Mathematics, Community Colleges, Mathematical Concepts, Geometric Concepts, Equations (Mathematics), Economic Factors
American Mathematical Association of Two-Year Colleges. 5983 Macon Cove, Memphis, TN 38134. Tel: 901-333-4643; Fax: 901-333-4651; e-mail: firstname.lastname@example.org; Web site: http://www.amatyc.org
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Two Year Colleges
Authoring Institution: N/A