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Please answer the following question (question attached as .jpg): Suppose utility of a consumer is as follows: U X2 where Xl and X2 denote quantities.
Please answer the following question (question attached as .jpg):
Suppose utility of a consumer is as follows: U X2 where Xl and X2 denote quantities. The prices for goods Xl, X2 are Px What is the optimal quantity for good Xl ? , and income m = 12.
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