Constrained Optimization - Maple Application Center
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Constrained Optimization

: marcus .
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We start by noting that our general budget constrain is given by: Iota = P[K]*K + P[L]*L where K is is the quantity of capital, L is the quantity of labor, P[K] is the price of capital and P[L] is the price of labor. The above equation says that income I must be equal to the sum of capital and labor expenditures.

Application Details

Publish Date: October 27, 2008
Created In: Maple 12
Language: English

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