Business I / Calculus of Variations
Practice question · Select all that apply

Which are genuine functionals, rules assigning one number to a whole path?

Hints
  1. A functional must take the whole path into account.
  2. A reading at one instant ignores everything else.
Show the answer
  • B. Total fuel consumed along a delivery route
  • C. Total advertising cost of a spend schedule over a year
  • D. Lifetime utility of a consumption plan c(t)c(t)
Why

Integrals over the whole path are functionals; a reading at one instant is just function evaluation, it ignores every other moment of the curve.

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