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Solving using function to derive demand using Langrangian method.

Shaquon's Utility function is given by the following: U(X, Y) = X1/9 Y8/9.

a) Derive Shaquon's demand for X and Y

b) If the price of X is $2:00, price of Y is $4:00 and income is $120, how much of X and Y will he consume.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917923

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