Question: b. (6 points ) Based on the Lagrangian from part a, compute the first -order conditions with respect to c,, c., and a,. Display each

b. (6 points ) Based on the Lagrangian from part a,

b. (6 points ) Based on the Lagrangian from part a, compute the first -order conditions with respect to c,, c., and a,. Display each FOC clearly by drawing a box around it. Solution : The first -order conditions with respect to cj, c;, and a, are = 0 1 1 0 =

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b. (6 points) Based on the Lagrangian in part a, compute the first-order conditions with respect to ci and c2. Display each FOC clearly by drawing a box around it. (Hint: Use the Chain Rule.)

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