Question: (c) The utility function is given by u(x)=x11x22 where i>0 for each i and 1+2=1 First order condition implies that, p1=1x111x22=1x1up2=2x11x221=2x2u Using these two equations

(c) The utility function is given by u(x)=x11x22 where i>0 for each i and 1+2=1 First order condition implies that, p1=1x111x22=1x1up2=2x11x221=2x2u Using these two equations we find (c) The utility function is given by u(x)=x11x22 where i>0 for each i and 1+2=1 First order condition implies that, p1=1x111x22=1x1up2=2x11x221=2x2u Using these two equations we find

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