Answer to Question #49884 in Microeconomics for ARCHANA

Question #49884
what is Envelope theorem
1
Expert's answer
2014-12-08T10:57:47-0500
The Envelope Theorem is a result about the differentiability properties of the objective function of a parameterized optimization problem. As we change parameters of the objective, the Envelope Theorem shows that, in a certain sense, changes in the optimizer of the objective do not contribute to the change in the objective function.

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