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Lecture 6

Lecture 6.pdf

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Leslie Shiell

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ECO 3145 Mathematical Economics I Lecture 6 Static Optimization Inequality ConstraintsChiang ch 131 134I Structure of the Problem single constraintnotationsubject tofor all i and0xcxxgin1 exampleconsumption problemsubject toand0x0xMxpxp212211multiple constraints notationsubject tofor all i0xijcxxgandm1jjn1 unlike the case of equality constraints there is no need forsince any number nmof inequality constraints c
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