Question: 1 Given the following cost function. (= ky world Get the form of the underlying technology ( production function) 2. Suppose that the utility function

 1 Given the following cost function. (= ky world Get the

1 Given the following cost function. (= ky world Get the form of the underlying technology ( production function) 2. Suppose that the utility function is u ( 2,, 212 ) = XIX where X , and X2 are two goods , Let P. and Po represent the prices of the two goods respectively, let i represent the consumer's income . Required: Set up the consumer utility maximization problem and derive the ordinary demand functions

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