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Economic Optimization

Creator
User on Geogebra
Location (URL)
https://www.geogebra.org/m/ggxnpuFk
Description

A pair of interactive, annotated graphs showing 1) the demand function and 2) costs and revenue for a seller of cakes. Sliders allow the user to change different parameters of the market and see the curves shift. The reader is directed to see which of the parameters have most effect on the maximum profit and on its optimising price.

Resource types
Year
2011