dr.

Hegyvári Norbert

Business Mathematics

CONTENTS
Preface ..................................................................................................................................................5
Chapter 1.
Equations. Inequalities. Graphs and Functions .......................................................................... 8
Chapter 2.
Sequences and Series ................................................................................................................... 21
Chapter 3.
Limits and Continuity of Functions ........................................................................................... 65
Chapter 4.
Introduction to the Derivative of a Function, Basic Rules
L'Hospital’s Rule, Implicit Differentiation ................................................................................. 91
Chapter 5.
Applications of the Derivative: Increasing and Decreasing Functions,
Relative Minima and Maxima, Concavity, Curve Sketching .................................................. 116
Chapter 6.
Applied Maximum and Minimum Problems,
Applications to Business and Economics ................................................................................. 139
Chapter 7.
Exponential and Logarithm Functions.
Simple and Compound Interests ........................................................................................... 150
Chapter 8.
Antiderivatives, Integration by Parts, Integration by Substitution ...................................... 169
Chapter 9.
Definite Integrals, the Area under a Curve,
the Fundamental Theorem of Calculus, Applications ............................................................. 190
Chapter 10.
Functions of Several Variables, Partial Derivatives,
Relative Maxima and Minima,
Applications in Business and Economics ................................................................................. 204
Chapter 11.
Improper Integral ...................................................................................................................... 229
Exercises ......................................................................................................................................... 239

1
 PREFACE

This book was prepared for the students of Faculty of Tourism and Hotel Management.
Faculty of Commerce and Faculty of Hospitality. The material of this book is based on almost
ten years experience: when the author started teaching here he had barely a dozen of
students, now he has close to 200; these faculties have become very popular.
During this decade many students have asked for a material to help in preparing for
exams. We could offer almost nothing except 3-5 different books (mainly in Hungarian). The
main aim of the author is to fill this gap; the reader can find everything necessary for the
course (and the author hopes you have a successful exam). We split the book into 11
chapters. In each chapter, we present immediately the theorems and definitions, and we
have applied the methods to give examples which illustrate the main ideas. At the end of
chapters we have collected problems with detailed solutions for them. After the theorems we
have proofs infrequently; many are still beyond our focus. If we do. we try to show how nice
and useful that business maths is. In the Appendix of this book we collected "Exercises'1; so
the reader can test their knowledge.
The author hopes you enjoy the present material and have a successful exam in Business
Maths.