Math for Business and Economics: Compendium of Essential Formulas

Abstract

This 4th edition revised and extended compendium contains and explains essential mathematical formulas within an economic context. Newly added content introduces non-linear optimization, focusing on maximizing or minimizing real problems using at least one non-linear function and continuous variables. It explains how non-linear programs may include various constraints, are influenced by the properties of the objective functions and the admissible domain, and are characterized by iterative solution processes that ideally converge to feasible, locally optimized solutions