Solution-Mathematical solutions are the same

Mathematical solutions are the same

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Reference no: EM132288539

A consumer wishes to maximize utility;

U=(X1^2)+(X2^2)

subject to a budget constraint:

l= p1x1+p2x2

a. Show graphically the bundle of x1 and x2 that will maximize utility

b. Solve mathematically for the bundle of goods that will maximize utility

c. Show that are graphically and mathematical solutions are the same

Reference no: EM132288539

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Mathematical solutions are the same

Reference no: EM132288539

Reference no: EM132288539

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