For solutions of optimization problems from Examples 3.3 analyse sensitivity of. 1. the demand for a production
Question:
For solutions of optimization problems from Examples 3.3 analyse sensitivity of. 1. the demand for a production factor and the maximum profit to changes in a product price and to changes in values of parameters of a production function and of a production cost function, 2. the conditional demand for a production factor and the minimum cost of producing y output units to changes in an output level and to changes in values of parameters of a production function and of a production cost function, 3. the product supply and the maximum profit to changes in a product price and to changes in values of parameters of a production function and of a production cost function.
Examples 3.3
Step by Step Answer:
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak