BEEM103 – Optimization Techniques for Economists Problem Set 2
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BEEM103 – Optimization Techniques for Economists
Problem Set 2
1. (40 points) Answer the questions below:
(a) (10 points) Determine the first and the second derivatives of the function
where s2 and s4 are the second and fourth digits of your candidate number, respectively.
(b) (10 points) Determine the first and the second derivatives of the function
(c) (10 points) Determine the first derivative of the function
where s3 and s5 are the third and fifth digits of your candidate number.
(d) (10 points) Determine the first derivative of the function
where s1 and s6 are the first and the sixth digits of your candidate number, respectively.
2. (30 points) Consider the function
where s5 is the fifth digit of your candidate number. Show that the following holds:
3. (30 points) Consider the function
with domain
(a) (5 points) Determine the range of the function.
(b) (25 points) Determine the interval over which the function is strictly de- creasing.
2022-01-13