max 7 ln(wl+ (1 − q)x) + (1 −7) ln(w - qx). 120 Solving this problem and checking the SOC leads to x= w(n-q)+ql(1-n) if w(q) + ql(1-π) ≥ 0, q(1-q) otherwise. 0
max 7 ln(wl+ (1 − q)x) + (1 −7) ln(w - qx). 120 Solving this problem and checking the SOC leads to x= w(n-q)+ql(1-n) if w(q) + ql(1-π) ≥ 0, q(1-q) otherwise. 0
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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please only do: if you can teach explain steps of how to solve for x
please teach explain step by step,
also other part why >=0 <0
Transcribed Image Text:max ln(wl+ (1 − q)x) + (1 − π) ln(w - qx).
I20
Solving this problem and checking the SOC leads to
x =
w(n-q)+ql(1-n) if w(aq) + ql(1-π) ≥ 0,
q(1-q)
otherwise.
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