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Microeconomic Theory

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.11P

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Question

What is the second (or second order) condition for finding the maximum point of a function?
O Second derivative (or rate of change of the first derivative) is negative
Second derivative is positive
OSecond derivative (or rate of change of the first derivative) is zero
Second deriyative (or rate of change of the first derivative) is at a minimum

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