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A consumer's utility function is given as , the price of and goods is and , and the income is given as . ( )

A consumer's utility function is given as image text in transcribed , the price of image text in transcribed and image text in transcribed goods is image text in transcribed and image text in transcribed, and the income is given as image text in transcribed. (image text in transcribed) (1) Find the first and second sufficient conditions for maximizing utility. (2) Find the properties that the function image text in transcribed should satisfy as a sufficient condition for the maximum to be maximized at the same time. (3) Find the demand functions image text in transcribed and image text in transcribed and explain their features.

ux, y) = v(2) + y = 2 P. Py 0

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