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Functions like the one below are well known to economists: f(x,y) = 616 - max(16.5x,34.4y) Each level curve of this function has a corner point.
Functions like the one below are well known to economists:
f(x,y) = 616 - max(16.5x,34.4y)
Each level curve of this function has a "corner point". Plot at least three of the function's level curves. Then find and enter below the slope (dy/dx) of the line where we find the "corner point" of every level curve of function f.
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