Application of Mathematical Modeling to Solving Economic and Social Problems
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Abstract
The article demonstrates the use of higher mathematics, specifically the theory of multivariable functions and their analysis, as well as systems of multivariable equations and inequalities, to solve economic problems. It shows how to create mathematical models, i.e., objective functions, and find optimal solutions for the unknowns of the function, that is, finding extremums, through real-life examples.
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