Given the function f(x,y) = x²+y²+2xy-8x-8y defined on the set D = {(x, y) = R²: (x − 2)² ≤ y ≤ x} - a. Can it be concluded directly (by examining f and D) whether f reaches a maximum and minimum in D? b. Derive the conditions of the Kuhn-Tucker theorem for the problema and find its solution: max f(x, y) = x² + y² + 2xy - 8x − 8y s.a. (x-2)² ≤ y y≤ x -

Given the function f(x,y) = x²+y²+2xy-8x-8y defined on the set D = {(x, y) = R²: (x − 2)² ≤ y ≤ x} - a. Can it be concluded directly (by examining f and D) whether f reaches a maximum and minimum in D? b. Derive the conditions of the Kuhn-Tucker theorem for the problema and find its solution: max f(x, y) = x² + y² + 2xy - 8x − 8y s.a. (x-2)² ≤ y y≤ x -

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is the best example of positive economic analysis? Group of answer choices Congress repealing the individual mandate portion of Obamacare Determining whether changes in the Medicaid reimbursement rate for medical procedures affects how many providers accept Medicaid insurance. Deciding what the income threshold for Medicaid eligibility is An employer deciding whether or not to offer healthcare coverage to family members of employees Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure
Variables typically included in a multivariate supply function (other than the price and quantity of the item the supply function represents) are prices of other goods that use similar input resources for production, the number of suppliers, techniques of production, taxes and subsidies, prices of input resources, weather, and expectations. Please answer the following questions about the affect changes in other variables might have on the supply of the item. These changes will either cause supply to increase (shift right) or decrease (shift left). Use either word as applicable, for the short answer. 1. If the market price of gasoline returns to the near $4.00 per gallon level then demand for gas-gulping large autos is likely to decrease and manufacturers of these autos are likely to _____________ their supply: 2. A relative increase in the productivity of the technology used to produce the item being considered is likely to _____________________ its supply. 3. Hailstorms have pelted…
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Tourism Economics focuses on understanding the economic impacts of tourism on a destination's economy. A key component of this field is the analysis of how tourism affects local employment. In many destinations, tourism acts as a major employment driver, offering various job opportunities in sectors such as hotels, restaurants, transportation, and entertainment. For instance, a coastal town that becomes a popular tourist destination might see a surge in employment in these sectors. This economic impact is significant as it: A) Decreases overall employment in the town B) Increases unemployment rates C) Contributes to job creation and economic growth D) Has no effect on the local job market*
Homework (Ch 09) * MindTap - Cengage Learning x + atic/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=9781337622349&id=D908491136&snapshotld=19375308& CENGAGE MINDTAP Homework (Ch 09) Suppose Ginny gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays and therefore has some market power. Assume that she does not incur fixed costs, and the only significant variable cost to Ginny is her time. As she gives more haircuts, Ginny must increasingly forgo other valuable Saturday activities. For example, if she gives one haircut, she forgoes reading the paper after breakfast. If she gives two haircuts, she gives up reading the paper and sleeping an extra half-hour. Ginny's clients are a varied group willing to pay between $16.00 and $28.00 for a haircut. Assume that Ginny cannot price discriminate, i.e., charge different clients different prices. If Ginny charges $28.00 per haircut, she will have one client per week; if…
Hello! Would you be able to professionally assess my answer for accuracy to the following question below? Thank you in advance! Question You won a ticket to a hockey playoff game by having your name drawn from a hat at a charity event. You were excited about going, but on the day of the game, a major snowstorm has hit and conditions are miserable. Would you be more likely to go if you had bought the ticket yourself instead of winning it? Relate your answer to opportunity costs and sunk costs. My Answer: If I bought the hocky playoff ticket myself and decided to stay home and not go to the game due to a major snowstorm and the resulting conditions, the opportunity cost would be watching the hockey playoff game in person. Because the ticket is already purchased, if I would be unable to resale the ticket (it may be quite difficult to resale from home the day of the game, particularly during a major storm), the price of the ticket would be a sunken cost, a past expenditure unable to be…
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