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Notes and problems in the theory of mathematical
Problem set 1
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additional aggregate Answer applications assume assumption behavior budget capital chapter choice choose commodity compute consider consistent constant constraint consumer consumption convex cost curve defined demand demand functions derivatives diagram direction discussion Economic effect elasticities equal equations example Exercise exists expenditure factor Figure Finally follows frontier give given Hence homogeneous household illustrated implies important income increase initial input interest interpretation labor Lagrangian linear marginal product mathematical maximize minimizing multipliers necessary conditions non-negative Notice objective function obtain optimal output particular percent positive preference present problem production function production possibilities quasiconcave question ratio Read respect restriction result returns satisfy scale Show situations slope solution solve strictly substitution theorem theory tion trade unit utility function vector zero