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The problem is: max_(xinx)[x_(1)+x_(2)]. where: x={xinR^(2):x_(1)^(2)+x_(2) (a) Identify the set x^(CQ) of points (x_(1),x_(2)) that meet the constraint qualification. (b) Identify the solution
The problem is:\
max_(xinx)[x_(1)+x_(2)].
\ where:\
x={xinR^(2):x_(1)^(2)+x_(2)\ (a) Identify the set
x^(CQ)
of points
(x_(1),x_(2))
that meet the constraint qualification.\ (b) Identify the solution set for all
a>0
.\ (c) How does the solution set change with
a
?\ (d) Find the value function. Is it continuous? How does it vary with
a
?
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