Question: Julia has a Cobb-Douglas utility function, U(q1, q2) = q1 a q2 1 -a. Use the Lagrangian method to find her optimal values of q1
Julia has a Cobb-Douglas utility function, U(q1, q2) = q1 a q2 1 -a. Use the Lagrangian method to find her optimal values of q1 and q2 in terms of her income and the prices.
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