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{"ops":[{"insert":"\nQ2) David\u2019s utility function for good X and Y is given by (\ud835\udc65, \ud835\udc66) = \ud835\udc652\ud835\udc663. Where\u00a0, \ud835\udc43\ud835\udc66 and I\u00a0\nare the price of good X, price of good Y and consumer income respectively.\u00a0\na. Write the budget Constraint of the consumer.\nb. Drive the demand functions for good X and Y\nc. What combination of X and Y maximizes the consumer\u2019s at I=100, \ud835\udc43\ud835\udc65 = 4, \ud835\udc4e\ud835\udc5b\ud835\udc51 \ud835\udc43\ud835\udc66 = 5\n\n"}]}
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