a) In first order difference functions, the complementary function Y, is given as Y Ab'. (a) In first order difference functions, the complementary function Y, is given as Y Ab'.Discuss the economic importance of b' and the role of the value of b in determiningthei)dynamic stability of equilibrium

(a) In first order difference functions, the complementary function Y, is given as Y Ab. i) Discuss the economic importance of b' and the role of the value of b in determining the dynamic stability of equilibrium

(a) In first order difference functions, the complementary function Y, is given as Y Ab. i) Discuss the economic importance of b' and the role of the value of b in determining the dynamic stability of equilibrium

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.6P

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a) In first order difference functions, the complementary function Y, is given as Y Ab'.

(a) In first order difference functions, the complementary function Y, is given as Y Ab'.
Discuss the economic importance of b' and the role of the value of b in determining
the
i)
dynamic stability of equilibrium

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