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

By:

Sean C. answered • 06/08/21

Tutor
New to Wyzant

Sean C. -- Economics PhD student at CSU

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