1. Kuhn - Tucker Conditions
Max 2x + 3y
s.t. pxX + pyY ≤ M. x ≥ 0, y ≥ 0
2. Max (8 + x)(8 + y)
s.t. pxX + pyY ≤ M. x ≥ 0, y ≥ 0
Utility function
3. U(x, y) = x 1/3 y2/3
4. U(x, y) = 8x1/4y3/4
5.U (x, y) = min[2x, 3y]
Mux=
Muy=
MRS=
x* (Px, Py, m)=
y* (Px, Py, M)=