ashleyd2001 ashleyd2001

16-04-2024
Business

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Suppose that an individual's utility function takes the form
u(x₁,x₂) = x₁¹/² + x₂¹/²
Derive the Marshallian demand functions for x₁ and x₂ (Hint: The indifference curves are strictly convex to the origin.)

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