An Explanation of Constrained Optimization for Economists by Peter Morgan

An Explanation of Constrained Optimization for Economists

Peter Morgan

504 pages missing pub info (editions)

nonfiction business economics history mathematics politics challenging informative medium-paced
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In a constrained optimization problem, the decisionmaker wants to select the "optimal" choice - the one most valuable to him or her - that also meets all of the constraints imposed by the problem. Such problems are at the heart of modern economics...

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