The original version of this story appeared in Quanta Magazine. Calculus is a powerful mathematical tool. But for hundreds of years after its invention in the 17th century, it stood on a shaky ...
In the late 19th century, Karl Weierstrass invented a fractal-like function that was decried as nothing less than a “deplorable evil.” In time, it would transform the foundations of mathematics.
Estimate demand function to understand initial product pricing vs. quantity. Use derivative for the revenue equation to find marginal revenue changes. Marginal revenue derivative is a tool to guide ...