Find the values of land g with 20 and g≥ 0 that maximize the following utility function subject to the given constraint. Give the value of the utility function at the optimal point. 2/3 1/3 subject to 4l+2g = 48 U=f(l,g)=8lg What are the values of land g at the optimal point? l= g= The value of the utility function at the optimal point is

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Find the values of land g with 20 and g≥ 0 that maximize the following utility function
subject to the given constraint. Give the value of the utility function at the optimal point.
2/3 1/3
subject to 4l+2g = 48
U=f(l,g)=8lg
What are the values of land g at the optimal point?
l=
g=
The value of the utility function at the optimal point is
Transcribed Image Text:Find the values of land g with 20 and g≥ 0 that maximize the following utility function subject to the given constraint. Give the value of the utility function at the optimal point. 2/3 1/3 subject to 4l+2g = 48 U=f(l,g)=8lg What are the values of land g at the optimal point? l= g= The value of the utility function at the optimal point is
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