Question: 3. Rarionalizinga demandmcn'on I. Consider the demand function for which the consumer spends her entire wealth on the two goods and the ratio of the

 3. Rarionalizinga demandmcn'on I. Consider the demand function for which the

consumer spends her entire wealth on the two goods and the ratio

3. Rarionalizinga demandmcn'on I. Consider the demand function for which the consumer spends her entire wealth on the two goods and the ratio of the amount spent on good 1 to the amount spent on good 2 is pz/pl. Show that the preference relation represented by the utility function J)? + '/x_2 rationalizes this demand function

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