Recent content by Gekkoo

Hello I have a problem regarding matrix equations. In my assigment two products of matrices are given, but none of the factors. [X]'[X] = [A] (2x2) [y]'[X] = [B] (1x2) I know how to solve a matrix equation with one unknown. AX = B and take the inverse etc. But can you give me some...

Homework Statement I don't manage to derive a function properly :( Homework Equations u = x^α * [(m-Ax)/B]^β The Attempt at a Solution FOC: x^α*ln(x)*?=0 It is the second factor I have a problem with. Preciate any help!

Thanks for your answers. 1 Solve constraint for y: y=(m-Ax)/B 2 Plug into objective function: u=x^α*[(m-Ax)/B]^β 3 Diff w.r.t. x & equate to zero to get critical point: FOC: x^α*ln(x)*?=0 4 Solve FOC for x: x=? 5 Plug that into constraint to get value for y: y =...

Homework Statement I need help to maximize the below function: Homework Equations Maximize u(x, y) = x^α * y^β subject to Ax + By = m Any help is greatly appreciated! / Gekkoo