All the details are provided in the image attached. Furthermore, the instructor mentioned that we need to find lagrangnian and 1 order derivations to find optimal levels and maximizing utility function in part a. in part b we need to do 2 condition bordered hessian matrix and in part d we need to do comparitve static analysis. Please let me know if it is possible or not.

Term Project 8 Given the utility function U(x,y) = cln (x E) + (1 c) in (y E) where a, b and c are constants subject to JIrPx + yPy = B (a) Find the optimal values l',x",y". (b) Derive the conditions under which the second-order sufficient condition for a maximum is satised? (c) Find the maximum value function V. . . . . a): a ' a ' . (d)Calculate the comparatwe static derivatives ,i ,i and Interpret these results. Apply various concepts covered in this Module in your project