Prove corollary 5.1.1. If 1. x* is a stationary point of f, that is, f(x) = 0,

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Prove corollary 5.1.1.
If
1. x* is a stationary point of f, that is, ∇f(x) = 0, and
2. f is locally strictly concave at x*, that is, Hf (x*) is negative definite then x* is a strict local maximum of f .

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:54 AM

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Prove corollary 5.1.1. If 1. x* is a stationary point of f, that is, f(x) = 0,

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By Taylors Theorem Example 433 with dx 0 as d...View the full answer

Foundations of Mathematical Economics

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