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Px=$1000/m? Budget Coushraint: M = 1000a+ The consuumer mariuize y subjeet to M=1000X aue lagrangian functionis hzy Lagrangizu mulliplien. ey focs. Ley 1o00 and (2) Equating equalions O L000 equalion Sub strtuti ng 1000A_+4 M M. from equation 1000n M.
2000 M we get 37.5 ae m the value 15000 * huting
37500! umte 75000 2. the ginen initial pouices optinial bundle aind utilitg lenel aie : and ingome, the consumens 37.5 m 37500 umia. and u(y) = 4xy=4.31.5)(37500)= 56,25000 units
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