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What is an optimization in the methods of mathematics of modern economics?
Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic models are based onto the solution of optimization difficulties.
Results of such subsection are used through the text. The fundamental optimization problem is about maximizing or minimizing a function onto some set. The fundamental and central result is the existence theorem of Weierstrass.
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
An economy can produce a maximum of either 28 million tons of wheat or 7,000 automobiles, or various intermediate quantities, as depicted in the table below:
Calculate the number of moles in 15.8 grams of aluminum hydroxide
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
prefrence towards risk the demand for risky assets,
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
MUa/MUb how it happens? and why this occur?
#explain bains theory of limit pricing theory
what is the relevance of microeconomic analysis in contemporary Nigerian economy
What is optimal choice of consumer according to consumer behavior? Consumer's Optimal Choice: In the fundamental problem of preference maximization, the set of affo
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