A Proof Without Words and a Maximum without Calculus

Campioni EloisaPanaccione Luca
CEIS Research Paper
We define a standard optimization problem with quadratic objective function and provide a rigorous visual proof for its solution without using calculus. We then show that such standard problem is a building block for several economic models related to microeconomics, game theory and pricing strategies.
Number: 316
Keywords: Proofs without words, Maximum without calculus, Economic applications
JEL codes: A22, C61, C65
Volume: 12
Issue: 6
Date: Friday, May 23, 2014
Revision Date: Tuesday, August 5, 2014