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A consumer has the utility function U(x 1 ,x 2 ) = x 1 x 4 2 . Use the logarithmic form of the Lagrangian
A consumer has the utility function U(x1,x2) = x1x42. Use the logarithmic form of the Lagrangian multiplier method to derive the Marshallian ordinary demand for both goods and determine the fraction of income spent on commodity 2.
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