Question: Math economics Consider the following function y = -x + ax + 10, where a > 0 is a parameter. a) What is the optimal

Math economics

Consider the following function y = -x" + ax + 10, where a > 0 is a parameter. a) What is the optimal value of r? b) What is the optimal value of y? c) Using Envelope theorem, what is change in optimal y due to change in the parameter a? X* = b dy*/da =

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Math economics Consider the following function y = -2 + ax + 10, where a > 0 is a parameter. a) What is the optimal value of z? b) What is the optimal value of y? c) Using Envelope theorem, what is...

46% [4]. Fri ry Bookmarks Window Help Iculus For Business Fronomics and the Social and Life Sciences hy.Laurence D Hoffmann. Gerald | Bradlav iz-lib oral.pdf (name 932 of 1071)_Flitad childsmath.ca...

5. [0.51/1 Points] DETAILS PREVIOUS ANSWERS SCALCET9 14.4.016. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Explain why the function is differentiable at the given point. f (x, y) = y tan(x), 6 The...

9. [1/3 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 9.6.038. The revenue in dollars from the sale of x units of a product is represented by the following formula. (Round your answers to the nearest...

Please answer all questions on pose and show your work! 5:28 PM Sat Sep 30 79% X Math 30 v K Q U . . . 2 @ T abc ~NNN Vista Virtual School Math 30-1 Assignment 1.3 Sept 2022 Vista Virtual School Math...

Consider the following function f: X R f(x, x) = -9x-10x2+0 [-In(100x-x) - In(x) - ln(x) - In(50 - x + x)] where is a given parameter and X = {(x1, x) x > 0, x > 0, x + x

Consider the following function f : X R where is a given parameter and Suppose you are given the following start points 1/ Let = 10. What behavior do you observe when you run Newtons method without a...

Consider the following function f(x) = 1/x nd [10] a) Expand the function at the expansion point x = 1 using 2 order Taylor series and evaluate its value at x = 0.75 [5] b) Calculate the absolute...

Math 340 Assignment #3 Due Wednesday March 9, 2016 1. Consider an LP which has as its rst constraint x1 + x2 x3 x4 1. Assume that you know (based on other constraints) that x2 = 0. Show that the dual...

Exercises Chapter 2 2.1 Marginal and conditional probability: The social mobility data from Section 2.5 gives a joint probability distribution on (Y1 , Y2 )= (father's occupation, son's occupation)....

A firm earns $895 million in profits and pays $626 million in dividends for the year. The firm has 135 million shares of preferred stock and 390 million shares of common stock. The preferred stock is...

In 2022 the Ayayai Corp. had net credit sales of $ 900000 . On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $ 21900 . During 2022, $ 33000 of uncollectible accounts...

Inventory turnover measures how many times a year a company collects cash from its debtors.O TrueO FalseSave for LaterRLAttempts

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

The following information is taken from the records of Hill, Dunn, & Associates for the year ended December 31, 2003. Incomertaxesten ra nay esnsaeene $ 10,800 Service revenues.......... 150,000 Rent...

The following data are available for Sunshine Products Inc., as of December 31, 2003. Cashed viamas cra pee $10,000 Accounts payable....... 14,000 CapitalyStOCk ae sen iaes ae: 35,200 Accounts...

Listed below are the results of Rulon Candies operations for 2002 and 2003. (Assume 4,000 shares of outstanding stock for both years.) 2003 2002 SaleSWise tb ma eee AAA iv kB datta Were oPeke te keas...