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Let U(x1,x2)=ln(x1)+ln(x2)U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right) And p1x1+p2x2yp_{1} x_{1}+p_{2} x_{2} \leq y Find the Optimal Demand For p_{1}

Question 29

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Let U(x1,x2)=ln(x1)+ln(x2)U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right) and p1x1+p2x2yp_{1} x_{1}+p_{2} x_{2} \leq y . Find the optimal demand for x1x_{1} in terms of y,p1y, p_{1} .

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