BCB Analista Economia e Finanças

Banco Central do Brasil Analista — Economia e Finanças (Brazil)

MicroeconomiaEnglish
Exam overview

Practice session

A consumer has the utility function U(x_1, x_2) = x_1^{0.5} * x_2^{0.5}. Prices are p_1 and p_2, and income is I. What is the consumer's Marshallian demand function for good 1 (x_1^*)?

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