Week 14 & 15

Week 14: Maximization & Minimization of unconstrained functions & their economic applications: Profit maximization by a multi-product firm under perfect Competition & monopoly. Price discrimination. Multi-plant monopoly, input decisions etc.

Week 15: Optimization: Constrained & Extrema: Free and constrained optimization, extrema of a function of two variables: graphical analysis, Lagrange method. Utility maximization & Cost minimization.

Download Files

ch-1011-ac-chiang-fundamental-methods-of-mathematical-economicspdf.pdf (2.58 MB )

ch-11-ef-article.pdf (6.60 MB )