TY - JFULL
AU - Troy L. Story
PY - 2012/4/
TI - Exterior Calculus: Economic Profit Dynamics
T2 - International Journal of Mathematical and Computational Sciences
SP - 204
EP - 208
VL - 6
SN - 1307-6892
UR - https://publications.waset.org/pdf/630
PU - World Academy of Science, Engineering and Technology
NX - International Science Index 63, 2012
N2 - 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.
ER -