max 7 ln(wl+ (1 − q)x) + (1 −7) ln(w - qx). 120 Solving this problem and checking the SOC leads to x= w(n-q)+ql(1-n) if w(q) + ql(1-π) ≥ 0, q(1-q) otherwise. 0

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section: Chapter Questions
Problem 5T
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also other part why  >=0   <0

max ln(wl+ (1 − q)x) + (1 − π) ln(w - qx).
I20
Solving this problem and checking the SOC leads to
x =
w(n-q)+ql(1-n) if w(aq) + ql(1-π) ≥ 0,
q(1-q)
otherwise.
Transcribed Image Text:max ln(wl+ (1 − q)x) + (1 − π) ln(w - qx). I20 Solving this problem and checking the SOC leads to x = w(n-q)+ql(1-n) if w(aq) + ql(1-π) ≥ 0, q(1-q) otherwise.
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