Math Problem Statement
Suppose a is a real number between 0 and 1. Rohit is choosing x and y to maximize the following utility function:
U(x, y) = x² + 2xy + y² + 4a² + 8a + 10
subject to the following constraints:
2x + y = 10,
x, y ≥ 0
Then the optimal value of y chosen by Rohit is
(in integer).
Solution
We are tasked with maximizing the utility function:
subject to the constraint:
and the non-negativity constraints and .
Step 1: Express in terms of
Using the constraint , we solve for :
Step 2: Substitute into the utility function
Now substitute into the utility function :
Step 3: Simplify the utility function
First, simplify each term:
Substitute these into :
Now combine like terms:
Step 4: Maximize the utility function
To maximize , we take the derivative with respect to and set it equal to zero:
Solving for :
Step 5: Find
Now substitute into the constraint :
However, must satisfy the non-negativity constraint . Since is not feasible, we must check the boundary conditions.
Step 6: Boundary Condition
The boundary condition occurs when , so from the constraint , we solve for when :
Step 7: Conclusion
The optimal value of chosen by Rohit is .
Would you like more details or have any questions?
Here are 5 related questions to expand on this problem:
- How would the optimal value of change if the constraint was different?
- What happens to the utility function if ?
- Can the problem be solved using a different optimization technique?
- How does the range of (between 0 and 1) affect the optimal choice of and ?
- How would the solution change if the non-negativity constraint was removed?
Tip: Always check boundary conditions when maximizing functions subject to constraints!
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Math Problem Analysis
Mathematical Concepts
Optimization
Quadratic Functions
Constraint Equations
Formulas
U(x, y) = x² + 2xy + y² + 4a² + 8a + 10
2x + y = 10
Theorems
First Derivative Test for Optimization
Boundary Conditions in Optimization
Suitable Grade Level
Undergraduate Level - Calculus/Optimization
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