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Problem 6: (a) Consider the following problem: max y = 5x + 4.02 + x112-ri-23 +...
(2 marks) Solve (find the optimal point and objective function value at the optimal point) the following optimisation problem min 2x+ y Subject to Obtain the gradient of both the objective function and constraint function at the optimal point. What condition do they meet at the optimal point? Suppose the right-hand side of the constraint equation is increased from 1 to 1.2. Without redoing the Lagrange multiplier method obtain an estimate for the change in objective function value. Verify using...
Solve the following Utility Maximization Problem for x* and y* that Max U(x,y)= ln(x) subject to Pxx + pyy = I ----.-.(2) where In denotes the natural logarithm (base e) and x and y>0. a) (25 points) by Substitution and show that your values of x* and y* max U (x*,y*). Problem 1. b) (20 points) by the Lagrange Multiplier Method
Consider the following LP problem. MAX: 9X1-8X2 Subject to: x1+x2≤6 -x1+x2≤3 3x1-6x2≤4 x1,x2≥0 Sketch the feasible region for this model. What is the optimal solution? What is the optimal solution if the objective function changes to Max.-9x1+8x2?
M 4. Consider the utility maximization problem max U(x,y) = x +y s.t. x + 4y = 100. (a) Using the Lagrange method, find the quantities demanded of the two goods. (b) Suppose income increases from 100 to 101. What is the exact increase in the optimal value of U(x, y)? Compare with the value found in (a) for the Lagrange multiplier. (C) Suppose we change the budget constraint to px + y = m, but keep the same utility...
SIMPLEX METHOD Solve the following problem using simplex method LP MODEL Let X1 no. of batches of Bluebottles X2 no. of batches of Cleansweeps Objective: Max Z-10X1+20X2 Subject to: 3X1 4X2 S 3 Plant 1 assembly capacity constraint -X1 2-5 5X1 +6X2 s 18 Z, X1, X2 20 Plant 2 capacity constraint Plant 3 capacity constraint
L I L I JUNULUI! SM 4. Consider the utility maximization problem max U(x,y) = (x + y s.t. x+4y= 100. (a) Using the Lagrange method, find the quantities demanded of the two goods. (1) Suppose income increases from 100 to 101. What is the exact increase in the optimal value of U(x,y)? Compare with the value found in (a) for the Lagrange multiplier (c) Suppose we change the budget constraint to px + 4y=m, but keep the same utility...
Problem 1: Consider the following linear optimization problem: max 1 +22x;3 subject to x1 + x2 +r3 10 2x1 -r2 2-4 i20, -1,2,3 a) Bring the problem to a standard form (b) Show that the point (2,8,0)T is optimal by the optimality condition of the linear program- ming. Is it an extreme point? Provide arguments for your answers (c) Determine at least one other point different than (2,8,0)T, which is an extreme point of the constraint set 1) (d) Find...
Solve for the optimal (c,l) pair in the following problem 1+0 max C ед subject to cwl+e where u is any twice differentiable increasing concave function; ơ, a, and are parameters(constants/numbers). Solve it using both the change of variables as well as the Lagrangian method.
Problem 1: Consider the following problem x+y+1=1 x2 +y2+z2 =1 max f(x ,y,z)=er+y+1 subject to (a) Solve the problem. (b) Replace the constraints byx+y+1=1.02 and x2+y2+Z2-0.98. What is the approximate change in the optimal value of the objective function? (c) Classify the candidate points for optimality in the local optimization problem.
Problem 1: Consider the following linear optimization problem: max +22 +rs subject to X1 + X2 + X3 = 10 2x1 - 22 24 i 20, 1,2,3. (a) Bring the problem to a standard form. (b) Show that the point (2,8,0)Ts optimal by the optimality condition of the linear program- ming. Is it an extreme point? Provide arguments for your answers. (c) Determine at least one other point different than (2,8,0)T, which is an extreme point of the constraint set...