Lecture_4_Jan 27

Lecture_4_Jan 27 - a. Re write the ______________ have all...

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Econ 100A – Microeconomics Professor Sarah Reynolds Department of Economics University of California, Berkeley Textbook by Thomas Nechyba Doing the “Best” We Can Chapter 6 - January 27 th , 2011 Bringing together tastes & budget constraint The maximization problem Numerical Example: Two methods of solving: 1) Plug & chug
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Intuition 2) Lagrange – The Economically Elegant Method
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Unformatted text preview: a. Re write the ______________ have all the terms on the _________ side of the inequality. \ b. Tack this onto the end of the ____________________ multiplied by the ________________. c. Use _____________________ to get the ____________________________. d. Solve the system of equations Numerical Example: Corner Solutions Kinks...
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Lecture_4_Jan 27 - a. Re write the ______________ have all...

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