N a yWi

Combined with y'/'" + Y;= I this gives implicitly die optimal outputs.

7. Hint: L'se the first-order conditions to solve for Kir, u\ y), A'(r, w, v) and /.(r. mj. y )• Insert these into die Lagrangean and differentiate with respect to y. Consider that the optimized Lagrangcan has the same value as the cost function for all v.

13.2 Exercises

0 0

Post a comment