What is an optimization in the methods of mathematics, Microeconomics

Assignment Help:

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.


Related Discussions:- What is an optimization in the methods of mathematics

Total cost function, TC = Q3 – 8Q2 + 68Q + 4, get the median and mode

TC = Q3 – 8Q2 + 68Q + 4, get the median and mode

The demand curve, The Demand Curve - The demand curve exhibits how much...

The Demand Curve - The demand curve exhibits how much of a good consumers are ready to buy as the price per unit changes keeping non-price factors constant. - This price-qua

Demand for the big mac on the rise, illustrate and explain the changing dem...

illustrate and explain the changing demand for big mac using the indifference curve and budget line

Population, Is Nigeria''s census accurate?

Is Nigeria''s census accurate?

Rational decision, what is rational decision and why it requires one''s cho...

what is rational decision and why it requires one''s choices be consistent with one''s goals?

(Bcg) matrix, Analysis of business portfolio by using Boston Consultant Gro...

Analysis of business portfolio by using Boston Consultant Group (BCG) Matrix.

Derived demand, Derived demand and Demand schedule: D erived demand...

Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd