Exercises
Unconstrained and constrained extrema
Problems to solve on your own. The final solution appears with the button below each problem; each exercise also has its own page, to share with the link.
1. Stationary point of a second-degree polynomial
Find and classify the stationary points of .
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2. Classification with the Hessian of a polynomial with a mixed term
Find and classify the stationary points of .
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3. A minimum and a saddle point
Find and classify the stationary points of .
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4. Stationary points of a third-degree polynomial in two variables
Find and classify the stationary points of .
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5. Stationary point of an exponential function
Find and classify the stationary points of .
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6. A case with zero Hessian determinant
Verify that the origin is the only stationary point of , that at it the Hessian test does not allow a conclusion, and classify it.
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7. Absolute extrema on a square
Find the absolute maximum and minimum of on the square .
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8. Absolute extrema on a disk
Find the absolute maximum and minimum of on the disk .
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9. Lagrange multipliers on an ellipse
Find the maximum and minimum of on the ellipse .
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10. Constrained minimum with the substitution method
Find the minimum of on the line and state whether has a maximum on the line.
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11. Monopolist with two independent goods
A monopolist sells two goods with inverse demands and and has cost . Find the quantities, the prices and the maximum profit.
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12. Maximum profit in perfect competition with two goods
A firm in perfect competition sells two goods at prices of and euros, with cost . Find the quantities that maximize profit and the maximum profit.
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13. Optimal bundle of the consumer
A consumer has utility and an income of euros, with prices and euros. Find the optimal bundle, with , and the maximum utility.
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14. Minimum-cost combination of factors
A firm has production function and pays euros for labor and euros for capital per unit. Find the combination of factors that produces at minimum cost and the minimum cost.
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