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### Exterior Calculus: Economic Profit Dynamics

**Abstract:**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.

**References:**

[1] O. Young, "Synthetic structure of industrial plastics (Book style with
paper title and editor)," in Plastics, 2nd ed. vol. 3, J. Peters, Ed. New
York: McGraw-Hill, 1964, pp. 15-64.

[2] W.-K. Chen, Linear Networks and Systems (Book style). Belmont, CA:
Wadsworth, 1993, pp. 123-135.