Question: Question 1 a) Given the utility function U(x,,X2)=x,5x95. Calculate MU,, MU, and slope of the indifference curve. The utility function for a consumer is expressed

Question 1 a) Given the utility function U(x,,X2)=x,5x95. Calculate MU,, MU,

Question 1 a) Given the utility function U(x,,X2)=x,5x95. Calculate MU,, MU, and slope of the indifference curve. The utility function for a consumer is expressed as: U=1000.x43 ,,23 Question 1b) The budget at his disposal is Ksh 10000. Obtain the consumer's demand equations for the two goods and hence determine the equilibrium basket when the prices of the two goods are Px = 50 and P, = 20 per unit each

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