consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0<p<1. The consumer also faces the prices p1 and p2 and has income level m. 

Using your knowledge on classical demand theory, explain under what circumstances the expenditure minimization problem and the utility maximization problem would yield the same results

 

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