First order condition

 

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First order condition

One of the mathematical necessary conditions for maximization, used routinely in solving economic models. Typically, it consists of setting equal to zero the derivative of the function being maximized (or its Lagrangian) with respect to a variable that can be controlled.



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Further Suggestions

Condition of the sale
Statement of condition
bargain conditions apply
Marshall-Lerner condition
CC and Rs (Covenants, Conditions and Restrictions)
Conditional Sales Contract
Report of Condition and Income


 
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