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1、5523.tp7/1/045:21PMPage1EconomicswithCalculus5523.tp7/1/045:21PMPage2EconomicswithCalculusMichaelCLovellWesleyanUniversity,USAWWorldScientificNEWJERSEY·LONDON·SINGAPORE·BEIJING·SHANGHAI·HONGKONG·TAIPED·CHENNAIThispageintentionallyleftblankPublishedbyWorldScientificPublishingCo.Pte.Ltd.5TohTuckLink,
2、Singapore596224USAoffice:27WarrenStreet,Suite401–402,Hackensack,NJ07601UKoffice:57SheltonStreet,CoventGarden,LondonWC2H9HELibraryofCongressCataloging-in-PublicationDataEconomicswithcalculus/MichaelC.Lovell.p.cm.Includesbibliographicalreferencesandindex.ISBN9812388257(alk.paper)--ISBN9812388575(pbk.
3、:alk.paper)1.Economics,Mathematical.2.Calculus.I.Title.HB135.L682004330.01'515--dc222004052464BritishLibraryCataloguing-in-PublicationDataAcataloguerecordforthisbookisavailablefromtheBritishLibrary.Copyright©2004byWorldScientificPublishingCo.Pte.Ltd.Allrightsreserved.Thisbook,orpartsthereof,maynotb
4、ereproducedinanyformorbyanymeans,electronicormechanical,includingphotocopying,recordingoranyinformationstorageandretrievalsystemnowknownortobeinvented,withoutwrittenpermissionfromthePublisher.Forphotocopyingofmaterialinthisvolume,pleasepayacopyingfeethroughtheCopyrightClearanceCenter,Inc.,222Rosewo
5、odDrive,Danvers,MA01923,USA.Inthiscasepermissiontophotocopyisnotrequiredfromthepublisher.PrintedinSingapore.July20,200414:26EconomicswithCalculusbk04-003/chap0IdedicatethisbooktomyfamilyAdrienneGoolkasianLovellLeslieandKennethChausse:Nathaniel,Colleen,LaurelStacieandSteveMarkoski:Michael,Andrew,Ale
6、xanderGeorgeLovellandCarrieCihakMartinLovellandSharonHunter:MicaThispageintentionallyleftblankJuly20,200414:26EconomicswithCalculusbk04-003/prefacePrefaceHowshouldoneapproachthestudyofeconomics?Thereisnooneanswertothisquestionbecausetheappropriatelearningstyledependsinlargemeasureuponthereader’spri
7、ortrainingandinterests.Thoseblessedwithaworkingknowledgeofcalculusarepreparedtoabsorbthebasicanalyticalframeworkofeconomicsbyamucheasierroutethanthosewholackthisbackground.Eachyearapproximately90,000highsch
