Which of the following is not typically found in a constrained optimization problem?
A)Resource constraint
B)Endogenous variable
C)Comparative statics analysis
D)Objective function

Question

Quizplus · Accepted Answer

Comparative statics analysis is not typically found in a constrained optimization problem. The other options, resource constraint, endogenous variable, and objective function, are commonly seen in such problems. Comparative statics analysis is not typically found in a constrained optimization problem. Constrained optimization problems involve maximizing or minimizing an objective function subject to one or more constraints, such as resource constraints. Endogenous variables represent variables whose values are determined by the model, while exogenous variables are determined outside of the model. Comparative statics analysis involves examining how changes in exogenous variables affect endogenous variables and is typically used in general equilibrium models or applied to microeconomic analysis.

Which of the Following Is Not Typically Found in a Constrained