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VI. Utility Maximization 3. = Consider an individual with the following utility function, U(x1,x2) = ax2.5x2.5. The curr
Posted: Mon Apr 18, 2022 9:15 am
by answerhappygod
- Vi Utility Maximization 3 Consider An Individual With The Following Utility Function U X1 X2 Ax2 5x2 5 The Curr 1 (75.89 KiB) Viewed 25 times
VI. Utility Maximization 3. = Consider an individual with the following utility function, U(x1,x2) = ax2.5x2.5. The current price of x1 is 2 and the current price of X2 is 4. 1. What is this consumer's budget constraint? 2. Calculate the optimal consumption of X1 and X2 if the consumer has income m.