Conditional Extremes of Functions of Several Variables and Some Applications in Economics Cover Image

Uslovni (vezani) ekstremi funkcija više promjenljivih i neke primjene u ekonomiji
Conditional Extremes of Functions of Several Variables and Some Applications in Economics

Author(s): Almira Arnaut Berilo
Subject(s): Economy
Published by: Ekonomski fakultet u Sarajevu
Keywords: mathematical functions; functions of several variables; extrema values of function;

Summary/Abstract: One of the main issues dealt with by economics is the problem of optimization. Maximization of profit and benefit for individual or group, and minimization of cost and losses in a given situation and given conditions is simply finding the conditional extreme of the function of a few variables. The paper offers mathematical definition of conditional extreme, necessary and sufficient conditions doe the existence of conditional extreme, and some economic issues requiring the use of conditional extreme.

  • Issue Year: 2004
  • Issue No: 24
  • Page Range: 245-264
  • Page Count: 21
  • Language: Bosnian
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