Answer to Question #189063 in Microeconomics for Shayla

Question #189063

find the Marshallian demand funtions for commodity x and y


1
Expert's answer
2021-05-05T14:06:41-0400

It deals with utility approach in which consumer maximizes his utility subject to budget constraint. For this case, there is two goods x and y.

If the utility function U(x,y)=xy

Budget constraint

The graph for the Marshallian demand functions is given below -


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