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

Conditional Sales Contract
Marshall-Lerner condition
Conditional call options
Report of Condition and Income
Statement of condition
Conditionality
Condition of the sale


 
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