Question: Giventhe utilityfunction: U=X^3/4.Y^1/4 Estimatethedemand functionsofcommodity X and commodity Yusing Lagrangemethod, if it is given that price ofXisPxand price ofYisPyandIncomeisM.

Giventhe utilityfunction:

U=X^3/4.Y^1/4

Estimatethedemand functionsofcommodity X and commodity Yusing Lagrangemethod, if it is given that price ofXisPxand price ofYisPyandIncomeisM.

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