Hints 1.50 / 1.54 Martin Caley MCaley martin.caley@economics.treasury.gov.im

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Topic: Hints 1.50 / 1.54
Conf: Chapter 1, Consumer Theory, Msg: 15205
From: Martin Caley (martin.caley@economics.treasury.gov.im)
Date: 2/28/2005 10:56 AM

Hints 1.50 / 1.54 Martin Caley MCaley martin.caley@economics.treasury.gov.im For Exercise 1.50. a straightforward maximization of u subject to the budget constraint should give you x1 = y.p2.p2/p1(p1+p2) and a similar expression for x2.

A solution to Exercise 1.54 has been posted under 'how to solve 1.54 55 56 & 57?' 11/5/2004.