After finding the optimal quantities of X1, X2 that maximize the function Z = (X1^0.2)*(X2^(1-0.2)), subject to the contstraint 3X1 + 4X2 = 83, which is the X2*? Give your answer to one decimal place (if you find 0.132: your answer should be 0.1).

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.6P
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After finding the optimal quantities of X1, X2 that
maximize the function Z = (X1^0.2)*(X2^(1 -0.2)),
subject to the contstraint 3X1 + 4X2 = 83, which is the
X2* ? Give your answer to one decimal place (if you find
0.132: your answer should be 0.1).
Transcribed Image Text:After finding the optimal quantities of X1, X2 that maximize the function Z = (X1^0.2)*(X2^(1 -0.2)), subject to the contstraint 3X1 + 4X2 = 83, which is the X2* ? Give your answer to one decimal place (if you find 0.132: your answer should be 0.1).
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