CHAPTER 2

10. (a) The concept of the partial derivative is important to managerial economics because we often deal with multivariate functions, and it is important to be able to determine the marginal effect of changes in each independent variable on the dependent variable. To optimize (i.e., to maximize or minimize) a multivariate function, we must find ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.