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Karen's preferences over bundles in R3, are represented by CES utility function of the following 1 form:u(x1,x2) = [ale + azng, where (:1 + a2
Karen's preferences over bundles in R3, are represented by CES utility function of the following 1 form:u(x1,x2) = [ale + azng, where (:1 + a2 = 1, a1 > 0,052 > 0.The prices of the two goods are 191 > 0 and p2 > 0. The wealth is w > 0
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