APPLICATION OF A DEFINITE INTEGRAL CALCULUS IN RENT CALCULATION

Author:

Milojević IvanORCID,Krstić DaliborORCID,Božović IvanORCID,Bataveljić DraganORCID

Abstract

For land rent, it is characteristic that it arises as a consequence of capital investment in the purchase of land, which is not a production investment, because capital is not invested for the reason of organizing agricultural production, the main reason of investing capital is to acquire certain ownership of land areas. In this paper, we will present the possibility of solving the problem of rent calculations using the economic application of the definite integral. First, we will show if the integral calcusus is applied in the rent calculation and then in the domain of its calculation.

Publisher

Balkan Scientific Association of Agricultural Economists

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