Microeconomics is easy. Fill in the blanks.
- This problem is analogous to the consumer's ..... problem.
- The objective function is ..... and the constraint is .....
- The Lagrangean is .....
- The FOCs are .....
- Therefore, from the first two FOCs .....
- Substituting this into the third FOC, .....
- So the solution is .....
I spent several hours on this last night. When I reached the stage where the assignment was sufficiently complete that I could afford to sleep, I was suffused by a great sense of relaxation and wellbeing, and realised that it's a long time since I got so intensely tied up in a technical problem. Small wonder I was losing the fricking will to live.
No matter how much effort I make, nothing else is as enjoyable as math, and I'm beginning to think that that will never change for me.
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