Gameowner
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Homework Statement
if I had a function such that
B(p, y) = py - c(y)
and then knowing that y=y(p), does that mean
B(p) = p^2 - c(p)?
Gameowner said:Hey, thanks for your response to my topic, but I want to ask you further since it was great help!
Originally, the question imposes that
B(p,x) = px - c(x), given a constraint that x=f(y).
If we assume a given optimal value of y (y*), then find a function V(p)...
Answer:
I asked my lecturer and he said to replace the x's with the function x = f(y*)...
so I get
B(p,y*) = py - c(y)
Then he goes on saying that V(p) is gotten realizing that y is a function of p such that y*(p).
So can I then go on and say
V(p) = p^2 - c(p) ?
tiny-tim said:I don't understand what V is supposed to be![]()