In this video we will learn how to find optimal consumption bundle from the given utility function and budget constraint using lagrangian method, checking second order condition for relationship maximum using bordered hessian method , finding total utility, finding marginal rate of substitution, finding marginal utility of money and lastly find demand function for good x
- 7 ай бұрын
Constrained optimization | 2nd order condition using Bordered hessian method | MRS, MUM | Lagrangian
- Рет қаралды 1,069
Пікірлер: 11