Simple function substitution question

AI Thread Summary
The discussion revolves around the function B(p, y) = py - c(y) and its substitution when y is expressed as a function of p, leading to the question of whether B(p) can be represented as p^2 - c(p). Participants clarify that by substituting y with its optimal value y*, the function can be transformed into an indirect function V(p). The lecturer confirms that replacing x with the function x = f(y*) allows for this transformation. The confusion lies in understanding the nature of V(p) as an indirect function derived from B(p, x). Ultimately, the goal is to express the function solely in terms of p while maintaining its original characteristics.
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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)?


Homework Equations





The Attempt at a Solution

 
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Hi Gameowner! :wink:

(I would prefer to write it C(p) = B(p,y(p)), but …)

yes :smile:
 
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) ?

I don't understand what V is supposed to be :confused:
 
tiny-tim said:
I don't understand what V is supposed to be :confused:

Opps, V(p) is suppose to be an indirect function which should be the same as B(p,x), but given the x=f(y), we can substitute in and out to get an 'indirect version of the same function' but in terms of p alone.
 
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