Use Lagrange multipliers to find expressions for values of Ni where the minimum occurs subject to the constraint vf=c(lnN1+lnN2+lnN3). (Hint: Use the properties of logarithms to help simplify expressions.) Which is the correct alternative: (a) N1=N2=N3=evf/(3c) (b))N1=N2=N3=evf/(2c) (c) N1=N2=N3=evf/(4c) (d) N1=N2=N3=evf/c
Use Lagrange multipliers to find expressions for values of Ni where the minimum occurs subject to the constraint vf=c(lnN1+lnN2+lnN3). (Hint: Use the properties of logarithms to help simplify expressions.) Which is the correct alternative: (a) N1=N2=N3=evf/(3c) (b))N1=N2=N3=evf/(2c) (c) N1=N2=N3=evf/(4c) (d) N1=N2=N3=evf/c
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 23EQ:
23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...
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Use Lagrange multipliers to find expressions for values of Ni where the minimum occurs subject to the constraint vf=c(lnN1+lnN2+lnN3).
(Hint: Use the properties of logarithms to help simplify expressions.)
Which is the correct alternative:
(a) N1=N2=N3=evf/(3c)
(b))N1=N2=N3=evf/(2c)
(c) N1=N2=N3=evf/(4c)
(d) N1=N2=N3=evf/c
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