a)
b)
c)
d)
We can assume different values for x. Substituting in the above equation, we can get the corresponding values of y.
i.
ii.
iii.
iv.
Therefore, 4 sets of (x,y) satisfying f(x,y)= 80 can be (1,40), (2,20), (4,10), (5,8)
e)
Any combination of (x,y) which satisfies f(x,y) =80 must satisfy,
f)
From equation 2,
Substituting this in equation 1,
That is, equation 1 and equation2 intersects at 2 points, (x,y) = (4,10) and (-4,-10)
6. Let px -5 and Py-2. Consi 2. Consider the following equation (a) Find the partial...
6. Let px -5 and Py-2. Consi 2. Consider the following equation (a) Find the partial derivative with respect to x, and call it fr (b) Find the partial derivative with respect to y, J^ and call it fu (c) Plug in the above to get equation 1 (and simplify) Equation 1L. (d) Find 4 (x, y) points such that f(x, y) - 80 (e) Any combination of (x, y) that leads to f(x,y) 80 must satisfy what equation? Let...
1. (5 pts.) If U X13y23, M 120, Px-2, and Py-10, find the utility-maximizing combination of X and Y using the Lagrangian multiplier. Also find the MRS and the ratio of the prices at the utility-maximizing combination. Show your work on a separate page. a. Units of X b. Units of Y c. MRS d. Px/Py
4. Find the partial derivative of the following equation with respect to x and y:
Math 32-_ Multivariable Calculus HW 3 (1) Consider the two straight lines L1 : (2-t, 3 + 2t,-t) and L2 : <t,-2 + t, 7-20 a) Verify that L1 and L2 intersect, and find their point of intersection. (b) Find the equation of the plane containing L1 and L2 (2) Consider the set of all points (a, y, z) satisfying the equation 2-y2+220. Find their intersection 0 and 2-0. Use that information to sketch a with the planes y =-3,-2,-1,0,...
6. For the function y = X1 X2 find the partial derivatives by using definition 11.1. (w) with respect to the Definition 11.1 The partial derivative of a function y = f(x1,x2,...,xn) with respe variable x; is af f(x1, ..., X; + Axi,...,xn) – f(x1,...,,.....) axi Ax0 ΔΧ The notations ay/ax, or f(x) or simply fare used interchangeably. Notice that in defining the partial derivative f(x) all other variables, x;, j i, are held constant As in the case of...
Suppose U(X,Y)=X^(2/3)*Y^(1/3), Px=3, Py=5. Find the Engel curves for goods X and Y and determine whether they are normal or inferior.
full workings required
Let f: R^2 → be a differentiable function and let CCR be a curve in R^2 described by the cartesian equation f(x,y) = Letla.b) R be a point that lies on the curve Cck and assume that the partial derivatives off evaluated at (a,b) satisfy: fr(a,b) 0 and fy(a,b) +0. Also assume that there exists an expression y-g(x) that solves the equation f(xxx)=0 fory in terms of x in a neighbourhood of the point (8.b). This means...
Assume that Sam has following utility function: U(x,y) = 2√x+y. Assume px = 1/5, py = 1 and her income I = 10. (e) Draw an optimal bundle which is the result of utility maximization under given budget set. (Hint: Assume interior solution). Define corresponding expenditure minimization problem (note the elements for expenditure minimization problem are (i) objective function, (ii) constraint, (iii) what to choose). (f)Describeaboutwhatthedualityproblemis. Definemarshalliandemandfuction andhicksiandemandfunction. (Hint: identifytheinputfactorsofthesefunctions.) (g) Consider a price increase for the good x from...
Find the equation of the tangent line to the curve when x has the given value. 7) f(x) = 4,x=5 8) f(x) = }x=3 11) Solve the problem. 11) The profit in dollars from the sale of thousand compact disc players is P(x) = x3 - 5x2 + 3x + 8. Find the marginal profit when the value of x is 6. 12) 12) Ir the price of a product is given by Px) E 1200, where x represents the...
Find a normal vector and an equation for the tangent plane to the surface: x3 - y2 - z2 - 2xyz + 6 =0 at the point P : (−2, 1, 3). Determine the equation of the line formed by the intersection of this plane with the plane x = 0. [10 marks] (b) Find the directional derivative of the function F(x, y, z) = 2x /zy2 , at the point P : (1, −1, −2) in the direction of...