12 results authored by Paul Verheyen - search across all users.

### Refine by Refine by

• #### Topics

• Graphs and derivatives
Question

Sketch a function graph by using fist and second derivatives.

• Question
Use the tangent to get a linear approximation.
• Question

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.

• Question
You need to minimize the budget spent on two products for a given Stone-Geary utitility value.
• Question
You need to maximize a Stone-Geary utility function when given the prices for two products and the available budget.
• Question
From a given utility function we calculate the corresponding demand functions for two products
• Question
Formulate a recurrence relation (= difference equation) and solve this recurrence relation.
• Question
You need to calculate elasticities of demand associated to a Stone-Geary utility function.
• Question
Calculate the competitive price as the minimum of the average cost, given a production function in one variable for a situation of perfect competition.
• Question