4. Optimize the following function and comment about the findings. y =- 5x; +10x, + x,x, • 2x{ +4x; +2x,x, • 4x{ 7. Minimize the cost of 434 units of production for a firm when Q = 10K'L®" and P, = 28, P.=10 by finding the critical values and using the bordered Hessian to satisty the 1" order necessary and 2 order sufficient condition .

4. Optimize the following function and comment about the findings. y =- 5x; +10x, + x,x, • 2x{ +4x; +2x,x, • 4x{ 7. Minimize the cost of 434 units of production for a firm when Q = 10K'L®" and P, = 28, P.=10 by finding the critical values and using the bordered Hessian to satisty the 1" order necessary and 2 order sufficient condition .

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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