APPLICATION OF MAXIMUM PRINCIPLES IN MICROECONOMICS

09080008483
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09080008483
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Application Of Maximum Principles In Microeconomics

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In this paper we use Discrete and Analytic maximum principle to show uniqueness ofrnsolution of Dirichlet problem. We also show application of maximum principle in showingrnuniqueness and stability of solution of heat equation. Finally, we also apply it in findingrnoptimum utility function under a given budget constraint in Microeconomics.

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Application Of Maximum Principles In Microeconomics

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