Could you tell me, what FOC means.

Thanks

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- Aug 6th 2008, 06:12 AM #1

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- Aug 2008
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## Foc

Good afternoon,

please help me with two questions.

a) How do I solve the following FOC for x:

-(1 + v) * (k * x)^v - D * ln[1 - p] * (1 + x * ln[1 - p]) * (1-p)^x = 0

b) Is there a program available to solve this type of question?

Thank you very much in advance. Best regards - Peter T.

- Apr 12th 2010, 06:37 AM #2

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- Apr 12th 2010, 07:15 AM #3

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- Apr 12th 2010, 10:12 AM #4