Question: .1 .1 2 Jack spends M dollars on only two goods and his utility' function is given by U(q1,q2) = ((112 + 922) ,where ql

.1 .1 2 Jack spends M dollars on only two goods

.1 .1 2 Jack spends M dollars on only two goods and his utility' function is given by U(q1,q2) = ((112 + 922) ,where ql is the quantity of Good 1 and q2 is the quantity of Good 2. Write down the optimization problem Jack is faced with, as a constrained optimization

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