Find the value of the variable x1 that maximizes the functio

Find the value of the variable x_1 that maximizes the function f(x_1) =-(4 - x_1) + 2x_1 + 3 sure to check the second-order condition.

Solution

f(x1) = -(4 - x1)2 + 2x1 + 3

or

f(x1) = -(42 + x12 - 2*4*x1) + 2x1 + 3

       = -16 - x12 + 8x1+ 2x1 + 3

       = - x12 + 10x1+ 3

For maximization, the first order condition is the first derivative should equal to Zero.

d(- x12 + 10x1+ 3) /dx1 = 0

=> -2x1 + 10 = 0

=> 2x1 = 10

=> x1 = 10/2 = 5

For maximization, the second order condition is the second derivative should less than Zero

d(-2x1 + 10) / dx1 = -2 (Note: -2 is less than zero

Therefore, at x1 = 5 ,both first and second order condition is fulfilled.

 Find the value of the variable x_1 that maximizes the function f(x_1) =-(4 - x_1) + 2x_1 + 3 sure to check the second-order condition. Solutionf(x1) = -(4 - x1

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