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  3. assume that u(x, y) = xy, px = 1, py = 4 and b =..

assume that U(x, y) = xy, Px = 1, Py = 4 and B =...

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Advance Math

assume that U(x, y) = xy, Px = 1, Py = 4 and B = 120.

Using the Bordered Hessian matrix, verify that the second-orderconditions for a maximum are satisfied. Show steps.

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