Step 1: Define the objective function and constraints. The objective function is: \[ f(x, y) = -x^2 - y^2 + 2x + 4y + 5 \] The constraints are: \[ x \geq 0, \quad y \geq 0, \quad 2x + y \leq 6 \] Step 2: Find the critical points of the objective function.
We need to take the partial derivatives of \( f(x, y) \) with respect to \( x \) and \( y \), and set them equal to zero. The partial derivative with respect to \( x \) is: \[ \frac{\partial f}{\partial x} = -2x + 2 \] Setting this equal to zero: \[ -2x + 2 = 0 \quad \Rightarrow \quad x = 1 \] The partial derivative with respect to \( y \) is: \[ \frac{\partial f}{\partial y} = -2y + 4 \] Setting this equal to zero: \[ -2y + 4 = 0 \quad \Rightarrow \quad y = 2 \] Thus, the critical point is \( (x^*, y^*) = (1, 2) \).
Step 3: Check the feasibility of the critical point.
We need to check if the point \( (1, 2) \) satisfies all the constraints:
\( x = 1 \geq 0 \) (satisfied),
\( y = 2 \geq 0 \) (satisfied),
\( 2x + y = 2(1) + 2 = 4 \leq 6 \) (satisfied).
Since all constraints are satisfied, the point \( (1, 2) \) is feasible.
Step 4: Evaluate the objective function at the critical point.
Substitute \( x = 1 \) and \( y = 2 \) into the objective function: \[ f(1, 2) = -(1)^2 - (2)^2 + 2(1) + 4(2) + 5 \] \[ f(1, 2) = -1 - 4 + 2 + 8 + 5 = 10 \] Step 5: Check the boundary points.
We also need to check the boundary points, given the constraints \( x \geq 0 \), \( y \geq 0 \), and \( 2x + y \leq 6 \). 1. When \( x = 0 \), the constraint \( 2x + y \leq 6 \) becomes \( y \leq 6 \). The objective function becomes: \[ f(0, y) = -(0)^2 - y^2 + 2(0) + 4y + 5 = -y^2 + 4y + 5 \] This is a quadratic function in \( y \), and its maximum occurs at the vertex. The vertex occurs at: \[ y = \frac{-4}{-2} = 2 \] Substituting \( y = 2 \) into the objective function: \[ f(0, 2) = -(0)^2 - (2)^2 + 2(0) + 4(2) + 5 = -4 + 8 + 5 = 9 \] 2. When \( y = 0 \), the constraint \( 2x + y \leq 6 \) becomes \( 2x \leq 6 \), so \( x \leq 3 \). The objective function becomes: \[ f(x, 0) = -x^2 - (0)^2 + 2x + 4(0) + 5 = -x^2 + 2x + 5 \] This is a quadratic function in \( x \), and its maximum occurs at the vertex. The vertex occurs at: \[ x = \frac{-2}{-2} = 1 \] Substituting \( x = 1 \) into the objective function: \[ f(1, 0) = -(1)^2 - (0)^2 + 2(1) + 4(0) + 5 = -1 + 2 + 5 = 6 \] Step 6: Compare the values.
We have the following values for the objective function:
\( f(1, 2) = 10 \),
\( f(0, 2) = 9 \),
\( f(1, 0) = 6 \).
The maximum value of the objective function is \( 10 \), which occurs at \( (x^*, y^*) = (1, 2) \). Thus, the value of \( f(x^*, y^*) \) is \( \boxed{10} \).
Suppose, your last year taxable income was Rs. 22000. Due to hike in salary, your taxable income this year is Rs. 34200. The details for tax calculation are given in the table below.
Consider the appropriate tax slab corresponding to your income. What is theadditional amount of tax you need to pay this year compared to last year?
A coin has a true probability \( \mu \) of turning up Heads. This coin is tossed 100 times and shows up Heads 60 times. The following hypothesis is tested:
\[ H_0: \mu = 0.5 \quad ({Null Hypothesis}), \quad H_1: \mu>0.5 \quad ({Alternative Hypothesis}) \]
Using the Central Limit Theorem, the \( p \)-value of the above test is ________ (round off to three decimal places).
Hint: If Z is a random variable that follows a standard normal distribution, then P (Z ≤ 2) = 0.977.
Consider the following Harrod-Domar growth equation: \[ \frac{s}{\theta} = g + \delta \] where \( s \) is the saving rate, \( \theta \) is the capital-output ratio, \( g \) is the overall growth rate, and \( \delta \) is the capital depreciation rate. If \( \delta = 0 \) and \( s = 20% \), then to achieve \( g = 10% \), the capital-output ratio will be ________ (in integer).
Let \( Y \) be income, \( r \) be the interest rate, \( G \) be government expenditure, and \( M_s \) be money supply. Consider the following closed economy IS-LM equations with a fixed general price level (\( \bar{P} \)):
IS equation: \[ Y = 490 + 0.6Y - 4r + G \] LM equation: \[ \frac{M_s}{\bar{P}} = 20 + 0.25Y - 10r \] If \( G = 330 \) and \( \frac{M_s}{\bar{P}} = 500 \), then the equilibrium \( Y \) is ________ (round off to one decimal place).