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Q.5 Solve the following maximization problem: max U(x1, X2) s.t. pix1 + p2x2 = 1 (a 1,202) where U(1, X2) = min(2x1, X2), P1 >
Q.5 Solve the following maximization problem: max U(x1, X2) s.t. pix1 + p2x2 = 1 (a 1,202) where U(1, X2) = min(2x1, X2), P1 > 0, p2 > 0, 1 > 0 are given parameters, and x1 20, x2 2 0
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