m=120 income = 2* →> x₁ good I \p₁₂ = 3€ →→x₂ good 2 3/5 U (X₁, X₂) = x, 2/5x₂3 Price P au Sollution MRS = ax X, 215 X₂ axa the Hanget condition P₁ = 2X₂ P₂ 3X₁ we solve the equations ³p₁x₁=2p₂X₂ P₁ X₁ + P₂X₂ = m the sollutionis: 2m Spi x₂ = 2m SP 2 Substituting prices for income and prices of goods in this be the sollution is: how found 24? X₁₂₁ = 24 and 7₁₂=24 Please explaine to me step by step the sollution of this exercise so that I can understand how the result was found W -3/5 3/5 DATA -2/5 2 Xe 3x1
m=120 income = 2* →> x₁ good I \p₁₂ = 3€ →→x₂ good 2 3/5 U (X₁, X₂) = x, 2/5x₂3 Price P au Sollution MRS = ax X, 215 X₂ axa the Hanget condition P₁ = 2X₂ P₂ 3X₁ we solve the equations ³p₁x₁=2p₂X₂ P₁ X₁ + P₂X₂ = m the sollutionis: 2m Spi x₂ = 2m SP 2 Substituting prices for income and prices of goods in this be the sollution is: how found 24? X₁₂₁ = 24 and 7₁₂=24 Please explaine to me step by step the sollution of this exercise so that I can understand how the result was found W -3/5 3/5 DATA -2/5 2 Xe 3x1
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
J 7
![m=120 income
Price = 24 → X, good I
Le
•P₂ = 3€ →→ X₂ good 2
3/5
U (X₁, X₂) = x₁²/5x₂3
-3/S3/5
Sollution
au
MRS = 2x₁
qu
X215
X ₂
axa
the
Hanget condition
P₁ = 2X₂
P₂
3X₁
we solve the equations
³p₁x₁=2p₂X₂
P₁ X₁ +P₂X₂ = m
the solutionis:
2m
Spi
x₂ = 2m
SP₂
Substituting prices for income and prices of goods in this
be the sollution is:
how found 24?
X₁₂₁ = 24 and 7₁₂=24
Please explaine to me step by step the
sollution of this exercise so that I can
understand how the result was found
W
DATA
-2/5
2 Xe
3x1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa87f00c8-f7d7-4c04-802f-1db621cd8623%2F0d3430f2-c379-4a9f-bdd4-848fc0d25bd1%2F3qi5364h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:m=120 income
Price = 24 → X, good I
Le
•P₂ = 3€ →→ X₂ good 2
3/5
U (X₁, X₂) = x₁²/5x₂3
-3/S3/5
Sollution
au
MRS = 2x₁
qu
X215
X ₂
axa
the
Hanget condition
P₁ = 2X₂
P₂
3X₁
we solve the equations
³p₁x₁=2p₂X₂
P₁ X₁ +P₂X₂ = m
the solutionis:
2m
Spi
x₂ = 2m
SP₂
Substituting prices for income and prices of goods in this
be the sollution is:
how found 24?
X₁₂₁ = 24 and 7₁₂=24
Please explaine to me step by step the
sollution of this exercise so that I can
understand how the result was found
W
DATA
-2/5
2 Xe
3x1
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