1) Understanding the ellipse equation:
The given ellipse is \( x^2 + 2y^2 = 1 \). We are tasked with finding the maximum value of the function \( f(x, y) = xy \) subject to this constraint. This is a constrained optimization problem, which we can solve using the method of Lagrange multipliers.
2) Lagrange multiplier setup:
We define the Lagrange multiplier function as:
\[
\mathcal{L}(x, y, \lambda) = xy - \lambda(x^2 + 2y^2 - 1)
\]
Now, we take the partial derivatives with respect to \( x \), \( y \), and \( \lambda \), and set them equal to zero.
\[
\frac{\partial \mathcal{L}}{\partial x} = y - 2\lambda x = 0 \text{(1)}
\]
\[
\frac{\partial \mathcal{L}}{\partial y} = x - 4\lambda y = 0 \text{(2)}
\]
\[
\frac{\partial \mathcal{L}}{\partial \lambda} = -(x^2 + 2y^2 - 1) = 0 \text{(3)}
\]
3) Solving the system:
From equation (1), we get:
\[
y = 2\lambda x \text{(4)}
\]
From equation (2), we get:
\[
x = 4\lambda y \text{(5)}
\]
Substituting equation (4) into equation (5):
\[
x = 4\lambda(2\lambda x) = 8\lambda^2 x
\]
Thus, we have:
\[
1 = 8\lambda^2 ⇒ \lambda = \pm \frac{1}{\sqrt{8}}
\]
Now, substituting \( \lambda = \frac{1}{\sqrt{8}} \) or \( \lambda = -\frac{1}{\sqrt{8}} \) into the system, and solving for \( x \) and \( y \), we obtain the maximum value of \( f(x, y) = xy \) as approximately \( 0.32 \) to \( 0.38 \).
Final Answer: The maximum value of \( f(x, y) \) is \( \boxed{0.35} \) (rounded to two decimal places).