Advertisement

Functions of Two or More Variables (with Constraint)

  • Delia Koo
Part of the Heidelberg Science Library book series (HSL)

Abstract

In the problem of finding an extreme value of a function f(x 1, x 2) of two variables, it may happen that the variables x 1 and x 2 are not independent but are connected by one or more relations called constraints. In theory, we can solve for one of the two variables in terms of the other, and proceed as in Chapter 1. In actual practice, however, we are held back by two considerations. First, it may be tedious to substitute one variable for another. Second, and more important, we have to be careful in choosing which one of x 1 and x 2 to be the independent variable. The following example illustrates the possible pitfalls when we are not careful.

Keywords

Utility Function Partial Derivative Quadratic Form Marginal Cost Demand Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media New York 1977

Authors and Affiliations

  • Delia Koo
    • 1
  1. 1.Eastern Michigan UniversityYpsilantiUSA

Personalised recommendations