Given a consumer with the utility
function U = X_1 ^(1/4) + X_2 who faces
a budget constraint of B=P_1 X_1 P_2 X_2
Show that the expemditure function
facing the consumer is
B = 2P_1 ^(1/2) P_2 ^(1/2) U^(1/2)

nECxx2


1
Answer
Know the answer? Share your knowledge!
π± Answer on the App