@@josekellersarmiento941 it will depend on the function. If the function is convex, then corner solutions are a possibility. You will need to consider whether getting all of one good or the other is better than the calculus approach for interior solutions like we did in the video. They may or may not be better.
![(M3E13) [Microeconomics] Expenditure Function](/img/n.gif)
Thanks a lot, that was very helpful.
Glad to hear it! Good luck.
Hi, why do you assume alpha and beta less or equal to 0? Maybe you meant less or equal to 1? Great video, thank you!
If I said that then I apologize. At 1:39 I wrote something different, but it is possible I misspoke. Thank you for catching it. Good luck!
@@MattBirch Yes, in 1:39 you wrote a + b 0 . I thought often we assume a+b
@@gunawan4424 Oh jeeze! Even looking at it I missed it. Yes, that is a mistake. I meant to put a+b
What if our a + b is greater than one. How do you suggest we approach the problem?@@MattBirch
@@josekellersarmiento941 it will depend on the function. If the function is convex, then corner solutions are a possibility. You will need to consider whether getting all of one good or the other is better than the calculus approach for interior solutions like we did in the video. They may or may not be better.
Thank you very much.it help me a lot
I am glad to hear it! Good luck.