Optimization Problems in Economics and Business - Applied Calculus

Learn to solve three practical optimization problems in this 25-minute mathematics video lecture focused on economic applications. Master techniques for maximizing revenue in candy bar sales, minimizing fencing costs for a rectangular field, and determining optimal production batches to minimize manufacturing costs. Work through detailed solutions that demonstrate how to apply calculus concepts to real-world business scenarios, with clear step-by-step explanations of each problem-solving approach.