Max U
Case:
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| Group activity: Complete the Max U quiz. |
If you’re unsure about the basic rules of differentiation, see this handout:
- Differentiation, January 2013
If you’re unsure about using the Lagrangian method, here’s a video overview:
Another good example is here:
| Learning Objectives: Analyse alternative indifference curves. Solve a Lagrangian maximisation
Focus on diversity: Joan’s utility function is named after the famous economist Joan Robinson |