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3. Suppose the utility function is U = 10 In(x,) + x2, prices are p, and p2, and income is y. Write down the Lagrangian
3. Suppose the utility function is U = 10 In(x,) + x2, prices are p, and p2, and income is y. Write down the Lagrangian for this problem. b. Write down the first-order conditions. c. Derive the demand curves for x, and x2. d. What are the own-price, cross-price, and income elasticities for each good
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