my question is -
utuility function U(x y) = 7x^3/7 y^4/7 with prices p1 and p2 for the 2 good x and y and income level M.
using lagrange sove the optimal choice problem and determine the demand function for goods x and y.
Can you start me off
my question is -
utuility function U(x y) = 7x^3/7 y^4/7 with prices p1 and p2 for the 2 good x and y and income level M.
using lagrange sove the optimal choice problem and determine the demand function for goods x and y.
Can you start me off