the consumers willingness to Sony (a). Consider the following utility function." U=10X, +15X2, you also know 3, = P = 5,
Posted: Thu May 19, 2022 8:01 am
the consumers willingness to Sony (a). Consider the following utility function." U=10X, +15X2, you also know 3, = P = 5, and consumer's income is Kshs. 100 (0) Find the utility maximizing quantities of the the goods and be marginal cost of utility. ---- State the properties of an indirect utility function. . Derive the Sluesky Estacion and interpret it 6) You are given the production function Y-=[2K? +2_11* = 0 Derive the expression for the elasticity of substitucion etwas capital (K) and Labor L.) and itzueret it. L) 2