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March 28, 2017

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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

  • Micro econ - ,

    see my answer to your earlier post.

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