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U = q1q2p1 = $2, p2 = $5, Income = $100 Set up problem using the Lagrange multiplier approach, solve for the first order conditions,
U = q1q2p1 = $2, p2 = $5, Income = $100
Set up problem using the Lagrange multiplier approach, solve for the first order conditions, and then solve for the optimal values of q1, q2 and .
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