Answer to Question #223857 in Economics for EVELYN KUMA BEDIAK

Question

Given the following functions, find the difference Quotient and using the difference Quotient, derive the
derivative in each case.
a. Y=f(x)=3x^2
b. Y=f(x)=5x^3
c. Y=f(x)=3x^2 + 6x^3
d. Y=f(x)=3x^2 -x^4
Show that the Taylor expansion leaves the functions unchanged.
a. Y=f(x)=3x^2
b. Y=f(x)=6x^3
Given the following, find the optimum and show if the optimum is a maximum or
minimum .
a. Y=f(x, z) = -2x^2 + xz - z^2
b. Y= f(x, z) = x^2 +4xz + 2z^2

Answer 1

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