Chapter 2, Problem 2.12P

What is the second (or second order) condition for finding the maximum point of a function? O Second derivative (or rate of change of the first derivative) is negative Second derivative is positive OSecond derivative (or rate of change of the first derivative) is zero Second deriyative (or rate of change of the first derivative) is at a minimum

In optimization we convert a problem to which calculus problem? Group of answer choices a. Find an optimal domain of a function and then find limits at the endpoints of the domain. b. Find optimal equations for a given situation. c. Find extremum values of a function defined on a domain.

please  only do: if you can teach explain steps of how to solve each part what is the optimization to use for foc?    please solve  also the other part

What is constrains optimization, explain

4. Find the maximum values of the following functions and show whether they are maximized at their maximum values. (a) y= f(x)=10x – x² (b) z=10x+10y-xy-x² - y²

Discusses the optimization

why is there no inclusion of the parameter z in the solutions and the budget constraint?

3. Marginal versus average effects Consider the nonlinear function shown by the blue curve on the following graph. The grey line is tangent to this curve at point A. Use the grey line (star point) to answer the following question. (Note: You will not be graded on your placement of this line.) 10 9 8 7 6 5 4 3 2 1 0 0 1 2 O True 3 O False A + 4 Tangent Line The marginal effect of X on Y at point A is 5 X The average effect of X on Y at point A is 6 7 8 9 f(x) True or False: For this graph, the marginal effect decreases as X increases. 10 Scratch Line

What are the three Gauss–Markov conditions? Explain.