A utility function is given by
U(x, y) = x^0.5 + y^0.5
a. compute the demand functions for any prices (px, py) and income (I)
b. show the demand functions are homogeneous.
谢谢谢谢。。
U(x, y) = x^0.5 + y^0.5
a. compute the demand functions for any prices (px, py) and income (I)
b. show the demand functions are homogeneous.
谢谢谢谢。。
