Kreps A Course In Microeconomic Theory Solutions -

Solving these conditions simultaneously yields:

The first-order conditions are:

∂L/∂x = 1 - 2λ = 0 ∂L/∂y = 2 - λ = 0 ∂L/∂λ = 2x + y - 100 = 0 kreps a course in microeconomic theory solutions