Math Problem Statement
ช่วยยกตัวอย่าง การคำนวณ lagrange method เพื่อแก้ปัญหา consumer ในเรื่อง OLG หน่อย
Solution
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Math Problem Analysis
Mathematical Concepts
Lagrange Method
Optimization
Consumer Theory
Overlapping Generations Model (OLG)
Formulas
U(c1, c2) = ln(c1) + β ln(c2)
Budget constraint: w = c1 + c2 / (1 + r)
Lagrange function: L = ln(c1) + β ln(c2) + λ(w - c1 - c2 / (1 + r))
Consumption ratios: c2 = β (1 + r) c1
Consumption solutions: c1 = w / (1 + β), c2 = β (1 + r) w / (1 + β)
Theorems
Utility Maximization Principle
Lagrange Multipliers Method
Suitable Grade Level
Undergraduate (Economics/Mathematics)
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