Max U

Learning Objectives: Ability to map indifference curves. Lagrangian method of maximisation subject to constraints. 

If you’re unsure about the basic rules of differentiation, see this handout:

If you’re unsure about using the Lagrangian method, here’s a video overview:

Another good example is here:

These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 1 of ‘Economics: A Complete Guide for Business‘.
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