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Results tagged with optimization
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user 18158
Mathematical techniques for the selection of a best element (with respect to some criteria) from the set of available alternatives.
2
votes
Utility maximization question setting up.
Hi this seems and interesting question ! What I would do is this
$ Max $
$ u(x_1,x_2)=\frac{x_2}{(1+x_1)^2} $
subject to :
$p_1*x_1+p_2*x_2 = y$
$ x_1 = x_2 $
The intuition I feel is, as you see …
0
votes
Show that First order conditions are necessary and sufficient for utility maximization
Hi game I see that quite well! I don't know if you have already seen Khun Tucker Conditions as you use a Lagrangian. because lagrangian is with equalities and Khun Tucker with inequalities, and as you …