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Why math is related to economics?

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Anonymous

11y ago
Updated: 8/20/2019

Economics is the study of how best limited resources should be used. In order to do that you first need to know how much of a set of resources are required and that requires basic counting and proportions. You need to know about [revealed] comparative advantage which requires ratios. Study of price elasticities, for supply and demand curves usually requires differential calculus. And so on.

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Wiki User

11y ago

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