Reading Assignment:: Sections 17.6 and 17.7 of the Textbook; Dr Yonatan Katznelson's supplementary note #3; Dr Yonatan Katznelson's supplementary note #4

Core Topics:: Maxima and minima of functions of two variables, critical point, second derivative test, saddle point; Applications: maximizing production, profit maximization (two products in one market, one product in two markets); Dependence of maximum profit on market conditions; Lagrange multipliers

Assignment #8:
(complete by 05/30/2019, do not turn in, check with solutions posted): Section 17.6: 11-20, 21, 22, 25, 26, 30, 36; Supplementary note #4: exercises 1, 2; Section 17.7: 1-8; Solution of Assignment 8