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The budget constraint is p1x + p2y m, and a,b,, are all positive constants. Use the Lagrange and Kun-Tucker conditions. Find the demand function of
The budget constraint is p1x + p2y m, and a,b,, are all positive constants. Use the Lagrange and Kun-Tucker conditions. Find the demand function of x, for each utility function.
Utility Function
1 . u=ax+by
2 . u=min{x/a,y/b}
3. u=ln(x)+ln(y)
4. u = (x a)2(yb)2
5. u=ax+by
6. u=ax+by
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