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Economics 214 Lecture 4 Multivariate Functions. Linear function.

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Presentation on theme: "Economics 214 Lecture 4 Multivariate Functions. Linear function."— Presentation transcript:

1 Economics 214 Lecture 4 Multivariate Functions

2 Linear function

3 Graph Linear Function

4 Graph function in multiple quadrants

5 Multivariate Function A Multivariate function has more than one argument. y=f(x 1,x 2,x 3 ) Subscripts have been used to distinguished among the different independent variables. A multivariate function with two independent variables is called a bivariate function.

6 Bivariate Function

7 Ordered Triplets

8 Drawing of Production Function Q K L

9 Plane

10 a {b 2 x2x2 x1x1 B1}B1} y

11 Limits and Continuity It is often necessary to evaluate a function as its argument approaches some value. The limit of a function as its argument approaches some number a is simply the number the function’s value approaches as the argument approaches a, either from smaller values of a, giving the left-hand limit, or from larger values of a, giving the right-hand limit.

12 Left-hand Limit

13 Right-hand Limit

14 Limit

15 Infinite Limits

16 Left-hand limit ≠ Right-hand limit


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