A Proof Without Words and a Maximum Without Calculus
22 Pages Posted: 25 May 2014 Last revised: 5 Aug 2014
Date Written: July 28, 2014
We define a standard optimization problem with quadratic objective function and provide a rigorous visual proof for its solution without using calculus. We then show that such standard problem is a building block for several economic models related to microeconomics, game theory and pricing strategies.
Keywords: Proofs without words, Maximum without calculus, Economic applications
JEL Classification: A22, C61, C65
Suggested Citation: Suggested Citation