The economic concept that corresponds most closely to a "derivative" in calculus is the concept of
A) an average value.
B) a total value.
C) a marginal value.
D) economic profit.

Question

Quizplus · Accepted Answer

A derivative in calculus represents the rate of change of a function with respect to a variable. Similarly, in economics, a marginal value represents the change in an economic quantity (such as cost, revenue, or utility) resulting from a unit change in another variable (such as quantity of goods produced or consumed). Thus, the concept of a marginal value corresponds most closely to a derivative in calculus.

The Economic Concept That Corresponds Most Closely to a "Derivative