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Optimization ofeconomic functions
Al Muizzuddin FMat.Ek.Lanjutan
ObjectivesUse the first-order derivative to find the
stationary points of a function. Use the second-order derivative to classify
the stationary points of a function. Find the maximum and minimum points of
an economic function. Use stationary points to sketch graphs of
economic functions.
Stationary Pointssometimes called (critical points, turning
points or extrema) of the function.At a stationary point the tangent to the graph
is horizontal and so has zero slope.
Stationary Points (2)
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