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Business, 14.12.2021 01:10 Chente379

Q1. Using the Lagrangian method, solve the following problem. I. e., write down the Lagrangian, the FOCs, and find (x ∗ , y∗ ) and λ ∗ . Find f(x ∗ , y∗ ). Max f(x, y) = x 1 2 y 1 2 subject to x + 2 5 y = 4.

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