Question: 5 A=5 B=2 Exercise 3 1. Using first order conditions only, propose solutions to the following opti- mization problems. For problem (#2) use both the

5A=5 B=2 Exercise 3 1. Using first order conditions only, propose

A=5 B=2

Exercise 3 1. Using first order conditions only, propose solutions to the following opti- mization problems. For problem (#2) use both the Substitution and Lagrangian techniques: (2) max { ci Aring + 32 (A + 1)] + (A + 2) 12 (21 - 12) +12} where A must be replaced with the last digit of your ASU ID/. (ii) max {Ami /2 12/2} s.to: 3 (4 -221) 14 (3 + 1)32 + 231 where 13 must be replaced with the second-to-last, digit of your ASU ID/. 2. (Optional) Spot for which one of the two problems your proposed solution is wrong. Explain (you will have to use second order conditions)

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