Maple like a Tool for the Support of the Quantification in Economics

Authors

Keywords:

Maple system, utility, utility curves, marginal utility, marginal rate of substitution.

Abstract

Nowadays, the methods of quantitative disciplines penetrate also into the solutions of the economic problems of qualitative character, one of which is the utility which relates to the consumer's preferences and the description of the market. The model of the utility function has to respect its factual economic essence and characteristics. The article also monitors the development dynamism with the use of the marginal utilities, and the marginal rate of the substitution of a concrete utility model in the Maple system environment with the use of its time, computational, visualization and presentation efficiency as well as its other priority, which is its logical and intuitive service.

Published

2013-11-05

Issue

Section

ORIGINAL SCIENTIFIC ARTICLE