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Consider a consumer whose preferences over bundles of strictly positive amounts of each of three distinct commodities can be represented by a utility function U

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Consider a consumer whose preferences over bundles of strictly positive amounts of each of three distinct commodities can be represented by a utility function U : R? -> R of the form U (91 . 92, 93) = 91 + V9293. The constant per unit price of commodity one is p, e (0, co), the constant per unit price of commodity two is pa E (0, co), and the constant per unit price of commodity three is p; E (0, co). The consumer has an income of y E (0. Do). 1. What is the consumer's budget-constrained utility maximisation prob- lem? 2. What is the Lagrangean function for the consumer's budget-constrained utility maximisation problem? 3. (What are the first-order conditions for the consumer's budget-constrained utility maximisation problem (assuming that a strictly positive amount of each commodity will optimally be purchased)

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