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1. Suppose a consumer seeks to maximize the utility function . l 1 L (one?) = . I] 1': subject to the budget constraint p11!
1. Suppose a consumer seeks to maximize the utility function . l 1 L (one?) = . I] 1': subject to the budget constraint p11\"! '5' P21"? = 1.. where II and 1'2 represent the quantities of goods consumed, p. and p; are the prices of the two goods and i" represents the consumer's income. {c} [10) Find the consumer's demand functions, :r; and I5, as a function of 39., p2, nd 1
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