Math Problem Statement

L= 0.8logX+0.2logY+λ(5000-4x-2Y)

Solution

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Math Problem Analysis

Mathematical Concepts

Optimization
Logarithms
Lagrange Multipliers
Partial Derivatives

Formulas

L = 0.8logX + 0.2logY + λ(5000 - 4X - 2Y)
Partial derivative with respect to X: ∂L/∂X = 0.8/X - 4λ = 0
Partial derivative with respect to Y: ∂L/∂Y = 0.2/Y - 2λ = 0
Partial derivative with respect to λ: ∂L/∂λ = 5000 - 4X - 2Y = 0
λ = 0.8/4X and λ = 0.1/Y

Theorems

Lagrange Multiplier Method

Suitable Grade Level

Undergraduate Level