Unit 3 • Class 12Business Mathematics II (Bmt.406)
Calculus: Definite Integrals, Surplus & Differential Equations
क्यालकुलस: निश्चित समाकलन, बचत र अवकल समीकरणहरू
Fundamental Theorem of Calculus, area under curves, marginal analysis to total functions, Consumer Surplus (CS) and Producer Surplus (PS) under market equilibrium, and first-order linear differential equations dy/dt + ay = b applied to price dynamics.
Lesson Summary & Key Concepts
Mathematical integration applied to competitive markets, computing consumer surplus, producer surplus, and the solution of continuous market price dynamic differential equations dy/dt + ay = b.
Textbook Exercises & Solutions
Showing 1 of 1 Solved QuestionsQuestion 1• 5 Marks
Quick Revision Takeaways
Common Exam Pitfalls to Avoid
⚠️ Common Error: Using supply function instead of demand function when calculating CS.
✓ Correct Approach: CS always integrates inverse demand P_d(q).
Why: Consumer willingness to pay is traced solely by the demand curve.
Previous LessonCalculus: Economic Applications of Derivatives & Optimization
Next LessonAdvanced Financial Mathematics: Annuities, NPV & IRR
Content Provenance & Verification
Editorial Verified & Published
Original Author / ContributorNEB Business Mathematics Faculty Panel
Verified BySenior Subject Specialist (TU / NEB Panel)
Curriculum Versionv1.0 (CDC 2078/2080 Grid)
Last Verified Date2026-10-23
Legitimate Official Curriculum References
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