An Economical Study When Cost of Irregular Raw Materials of an Industry Increases for Nonlinear Budget Constraint

Devajit Mohajan and Haradhan Mohajan
Authors registered in the RePEc Author Service: Dr Haradhan Kumar Mohajan ()

MPRA Paper from University Library of Munich, Germany

Abstract: Very few researches try to work with nonlinear budget constraint. This study attempts to discuss the sensitivity analysis with the use of nonlinear budget constraint. For the efficient use of inputs every industry should inspects economic analysis for the profit maximization. In this study Lagrange multiplier technique is applied with the bordered Hessian and Jacobian. For the sustainability of an industry in the competitive global economy, the industry should proceed through the application of scientific method, such as application of optimization policy.

Keywords: Profit maximization; nonlinear budget constraint; irregular input (search for similar items in EconPapers)
JEL-codes: C3 C51 C52 C53 C58 C61 C67 (search for similar items in EconPapers)
Date: 2023-05-03, Revised 2023-05-05
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Law and Economy 7.2(2023): pp. 24-43

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/118176/1/Pro%20Nlin-MPRA-3-8-23%20.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118176

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().