judt2531 judt2531

25-05-2023
Mathematics

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Question 2 (5 marks) Your utility and marginal utility functions are: U=10X0.20.8 MUx = 2X-08-0.8 MU, 8x02y-02 Your budget is M and the prices of the two goods are Px and Py. Derive your demand functiion for X and Y

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