||2 of 2 people found the following review helpful.| You could ask for more; I have (see the review). I am very glad, however, that this book has, at last, been written. Buy it.|By Eric V. Hutchins|Prof. Morgan has provided students beginning serious work in economic theory a wonderfully clear and patient exposition of the mathematics they need to know in order to master first year graduate level microeconomics (at most, not al|||“An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow.” (Quan Wen, Department of Economi
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, where the typical behavioral postulate is that a decisionmaker behaves “rationally”; that is, chooses optimally from a set of constrained choices.
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[PDF.ea17] An Explanation of Constrained Optimization for Economists Rating: 4.82 (732 Votes)
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