12 results authored by Paul Verheyen - search across all users.
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You need to minimize the budget spent on two products for a given Stone-Geary utitility value.
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You need to maximize a Stone-Geary utility function when given the prices for two products and the available budget.
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Calculate the marginal and average cost for a given cost function. Find the corresponding startup/shutdown price.
Maximize the profit function at a given price. -
Sketch a function graph by using fist and second derivatives.
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Use the tangent to get a linear approximation.
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From a given utility function we calculate the corresponding demand functions for two products
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Formulate a recurrence relation (= difference equation) and solve this recurrence relation.
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You need to calculate elasticities of demand associated to a Stone-Geary utility function.
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Calculate the competitive price as the minimum of the average cost, given a production function in one variable for a situation of perfect competition.
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Oplossen van een eerstegraadsvergelijking
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Translation to Dutch of
"Given a description in words of the costs of some items in terms of an unknown cost, write down an expression for the total cost of a selection of items. Then simplify the expression, and finally evaluate it at a given point.
The word problem is about the costs of sweets in a sweet shop."
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Je moet een eerstegraadsvergelijking oplossen en als antwoord alle getallen in breukvorm ingeven (niet als een decimaal getal).
