Question: I ONLY NEED THE ANSWER TO QUESTIONS B AND C. I ONLY NEED THE ANSWER TO QUESTIONS B AND C. Leonard's utility function is U(x1,x2)=ln(x1)x2

I ONLY NEED THE ANSWER TO QUESTIONS B AND C.

I ONLY NEED THE ANSWER TO QUESTIONS B AND C. I ONLY

I ONLY NEED THE ANSWER TO QUESTIONS B AND C.

Leonard's utility function is U(x1,x2)=ln(x1)x2 a) Find MMS12 b) Find his interior demand functions for goud 1 and good 2 as functions of prices p; and p2, Xk=a+ba=pymxmxmux=PyDx and income m. c) Calculate the income elasticity for good 1. Calculate the income clasticity for good 2 when p3=50.D350. and m=100. d) (Bonus) When do we get a corner (boundary) solution? State the demand functions for goods 1 and 2 and the condition on income under which we obtain the comer solution

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