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Posted on Jun 12, 2024

Given is U(x 1 ,x 2 )=(x 1 0.5 +x 2 0.5 ) 2 x 1 , x 2 , p 1 , p 2

Given is U(x₁,x₂)=(x₁^0.5+x₂^0.5)²

x₁, x₂, p₁, p₂ > 0.

Solve for the values of the Marshallian Demand Functions for good 1 and good 2. Using the Lagrangian method.

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