For the following utility functions and pricesnbspdetermine, Business Economics

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For the following utility functions and pricesnbspdetermine

For the following utility functions and prices

a. Determine the optimal bundle of x1 and x2 given the stated prices and income

b. Illustrate the optimal consumer choice decision in each of the two cases below

1. U(x1,x2) = lnx1^18 + x2 , Income = 100 , p1=3 , p2=1

2. U(x1,x2) = (x1^0.9)(x2^0.1) , Income = 100 , p1=3 , p2=10

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Business Economics: For the following utility functions and pricesnbspdetermine

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Business Economics: For the following utility functions and pricesnbspdetermine

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