Question 1 Elise's utility is given by U (x, y) = 204 0.6. Her endowments of r = 20 and y = 30. The prices of a and y are unknow and referred to as pr and py respectively. 1/ Write an expression for elise endowment income. 2/ Using this endowment income, write an expression for elise budget constraint 3/ Write the lagarngian you would to compute eliseis demand for x and y 4/ use the lagarngian to sovle for eliseis demand for x and y why does eliseris demand for x depend in the price of y