Jacky F.

asked • 06/07/21

FOC - Microeconomics

Consumer’s utility function is U=4q^1/3 q^2/3 and the prices for good 1 and good 2 are p1 and p2, respectively. If the consumer uses the Lagrange method to maximize her utility, then the only answer option that is part of the First Order Conditions (FOC) is?

1 Expert Answer


Sean C. answered • 06/08/21

New to Wyzant

Sean C. -- Economics PhD student at CSU

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.