This part of my microeconomics lesson plan has me baffled. Consider for example the nonlinear continuous and differentiable function Y = f(X) = X 2 + 4. Suppose we want to know its slope at the ...
Often in my studies (economics) the assumption of a "well-behaved" function will be invoked. I don't exactly know what that entails (I think twice continuously differentiability is one of the ...