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Giventhe utilityfunction: U=X^3/4.Y^1/4 Estimatethedemand functionsofcommodity X and commodity Yusing Lagrangemethod, if it is given that price ofXisPxand price ofYisPyandIncomeisM.
Giventhe utilityfunction:
U=X^3/4.Y^1/4
Estimatethedemand functionsofcommodity X and commodity Yusing Lagrangemethod, if it is given that price ofXisPxand price ofYisPyandIncomeisM.
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