Question: Problem 5: Consider the following constrained nonlinear program max lnml +ln332 s.t. 2:51 + 332 S 4, 331,332 2 0- (a) Compute the Hessian matrix


Problem 5: Consider the following constrained nonlinear program max lnml +ln332 s.t. 2:51 + 332 S 4, 331,332 2 0- (a) Compute the Hessian matrix of the objective function and use it to show that the objective function is jointly concave (a function f is concave if and only if f is convex) in :191 and 3:2. [7pt] (b) Find a point (221, 332) that satises the KKT conditions. [12pt]
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