February 26, 2017

Homework Help: Micro econ

Posted by Brett on Tuesday, September 18, 2007 at 11:39pm.

1: Suppose John had a utility function of U=X^2/3Y^1/3 . Derive Johns demand function from his utility function showing all the necessary steps.

i know that the MUx=MUy and first i derive the equation to
2/3X^-1/3 1/3Y^-2/3

then im stuck i need help with the simplification

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