First order condition

 

Home
Site Map
Add Term
Search
About Us
Contributors

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.



Similar Matches

Report of Condition and Income

Report of Condition and Income

Financial report that all banks, bank holding companies, savings, and loan associations, Edge Act and agreement corporations, and certain other types of organizations must file with a federal regulatory agency. Informally termed a call report.


Statement of condition

Statement of condition

A document describing the status of assets, liabilities, and equity of a person or business at a particular time.


Conditional sales contracts

Conditional sales contracts

Similar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract.


Conditional Sales Contract

Conditional Sales Contract

A sale in which the title to property or goods remains with the seller until the purchaser has fulfilled the terms of the contract, usually payment in full.


Marshall-Lerner condition

Marshall-Lerner condition

The condition that sum of the elasticities of demand for exports and imports exceed one (in absolute value); that is, hX + hM > 1, where hX, hM are the demand elasticities for a country's exports and imports respectively, both defined to be positive for downward sloping demands. Under certain assumptions, this is the condition for a depreciation to improve the trade balance, for the exchange market to be stable, and for international barter exchange to be stable.


Further Suggestions

Conditional call options
CC and Rs (Covenants, Conditions and Restrictions)
Conditionality
bargain conditions apply
Condition of the sale
Technical condition of a market
Conditional insurance


 
All rights Reserved. Do not copy without permission. Stamp Duty Calculator - Income Tax Calculator