In the society utility is the vital concept, especially in mathematical economics. It is considered as the tendency of an object or action that increases or decreases overall happiness. In social sciences, the property of a commodity that enables to satisfy human wants is called utility. This...

This article attempts to discuss economic effects of various inputs when the interest rate of capital is increased during profit maximization analysis. In this paper Cobb-Douglas production function, 6×6 bordered Hessian matrix, and 6×6 Jacobian are operated to make the study meaningful and...

This article tries to discuss sensitivity analysis of various inputs of an organization during profit maximization investigations. In this study Cobb-Douglas production function is analyzed with a detail mathematical analysis. The method of Lagrange multiplier is a very useful and powerful...

In this study sensitivity analysis among Lagrange multipliers and commodity coupons is discussed with detailed mathematical analysis. In economics, utility maximization method is essential for increasing sustainable production and profit maximization. Two types of constraints, such as budget...

This article tries to calculate a maximum profit from sale items of an industry. This study has considered three inputs, such as capital, labor, and raw materials and other inputs for the mathematical analysis of the production procedures of the industry. In the present competitive global...

In this paper the Cobb-Douglas production function is operated in a firm for the analysis of the cost minimization policies. In an economic world, gain of profit depends on the efficient use of raw materials and use of various techniques of the cost minimization. A firm’s main target is to...

Sensitivity analysis is a vital concept in optimization models. From this analysis an economist can predict on the outcome of an economic model by the use of certain range of input variables. Utility maximization policy is essential for the sustainability of the economic organizations. This...

Utility maximization policy is essential for the sustainability of the firms and organizations. In this article, two Lagrangian multipliers are used to perform the research successfully. Moreover, the paper takes attempts to run with four commodities and two constraints, such as budget...

In this paper sensitivity analysis between Lagrange multipliers and total budget is discussed. The method of Lagrange multipliers is a very useful and powerful technique in multivariable calculus. In mathematical economics, utility is the vital concept that increases or decreases overall...

In this study economic predictions of the various inputs are analyzed when the budget of the organization increases. Method of Lagrange multiplier is applied here to work with nonlinear budget constraint for the achievement of the profit maximization atmosphere. In the study 6×6 bordered...