Given the utility function u axay b subject to the budget
Given the utility function U= AXaY b subject to the budget constraint PxX +PyY = B, show that at the point of constrained utility maximization the ratio of prices Px / Py must equal the ratio of marginal utilities MUx/MUy.
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given the utility function u axay b subject to the budget constraint pxx pyy b show that at the point of constrained
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