1) (26 points) Suppose that the utility function is given u(x)=x12
x23. (Note 1: The preferences represented by this utility function is strictly convex and monotonic. Note 2: d/dx (ln(x))= 1/x )
a) (10 points) How much of commodity 1 (x1) and commodity 2 (x2) will the consumer purchase as a function of p1, p2, and m?