Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Chapter 2, Problem 2.7P

(a)

To determine

To show: If k=10 , it can be solved as one involving only equality constraints.

(b)

To determine

To show:Solving problem for k=4 requires that X1=1 .

(c)

To determine

To find:The optimal solution when k=4 and x’s in this problem must be non-negative.

(d)

To determine

To find:The solution for the problem when k=20 and also conclude the solution by comparing.

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