Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
Question
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Chapter 2, Problem 2.1P

a.

To determine

The partial derivatives of the function f(x,y) .

a.

Expert Solution
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Answer to Problem 2.1P

The partial derivatives of the function f(x,y) are

  fx=8x,fy=6y,2fx2=8,2fy2=6,2fxy=0

Explanation of Solution

Given information:

The function,

  f(x,y)=4x2+3y2

Since,

  f(x,y)=4x2+3y2

Partially differentiate with respect to x and y ,

  fx=x(4x2+3y2)=4×2x+0=8x

and

  fy=y(4x2+3y2)=0+3×2y=6y

Now

  2fx2=x(fx)=x(8x)=8×1=8

and

  2fy2=y(fy)=y(6y)=6×1=6

Also,

  2fxy=x(fy)=x(6y)=0

b.

To determine

The derivative dydx using the implicit function theorem.

b.

Expert Solution
Check Mark

Answer to Problem 2.1P

  dydx=8x6y

Explanation of Solution

Given information:

The function,

  f(x,y)=4x2+3y2

and

  f(x,y)=16

Since,

  f(x,y)=4x2+3y2

Then,

  16=4x2+3y2

Differentiate with respect to x ,

  0=4×2x+3×2ydydx8x+6ydydx=06ydydx=8xdydx=8x6y

c.

To determine

The value of dydx at x=1,y=2 .

c.

Expert Solution
Check Mark

Answer to Problem 2.1P

  dydx=23

Explanation of Solution

Since,

  dydx=8x6y

Substituting x=1,y=2 ,

  dydx=8×16×2

  dydx=812=23

d.

To determine

To draw:The graph of dydx=23 on the surface f(x,y)=4x2+3y2 .

d.

Expert Solution
Check Mark

Explanation of Solution

Since, dydx is the slope of the curve,

From the above part,

  dydx=83

So, draw the tangent plane on the surface

  f(x,y)=4x2+3y2

  Microeconomic Theory, Chapter 2, Problem 2.1P

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