Math Problem Statement
Carmen, consumidora de nueces y boniatos, tiene una función de Utilidad igual a: U(x1,x2)=x21x32 U x 1 , x 2 = x 1 2 x 2 3 Si el precio de las nueces ( p1 p 1 ) es de USD 4, el de los boniatos ( p2 p 2 ) USD 8 y posee una renta ( m m ) de USD 200, ¿Cuántas unidades cada bien elegirá en su punto óptimo?
Solution
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Math Problem Analysis
Mathematical Concepts
Utility Maximization
Budget Constraint
Lagrange Multipliers
Optimization
Formulas
U(x_1, x_2) = x_1^2 * x_2^3
p_1 x_1 + p_2 x_2 = m
L(x_1, x_2, λ) = x_1^2 * x_2^3 + λ(m - p_1x_1 - p_2x_2)
Theorems
Lagrange Multiplier Method
Suitable Grade Level
Undergraduate Economics or Mathematics
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