WASET
	%0 Journal Article
	%A Troy L. Story
	%D 2012
	%J International Journal of Mathematical and Computational Sciences
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 63, 2012
	%T Exterior Calculus: Economic Profit Dynamics
	%U https://publications.waset.org/pdf/630
	%V 63
	%X A mathematical model for the Dynamics of Economic
Profit is constructed by proposing a characteristic differential oneform
for this dynamics (analogous to the action in Hamiltonian
dynamics). After processing this form with exterior calculus, a pair of
characteristic differential equations is generated and solved for the
rate of change of profit P as a function of revenue R (t) and cost C (t).
By contracting the characteristic differential one-form with a vortex
vector, the Lagrangian is obtained for the Dynamics of Economic
Profit.
	%P 205 - 208