4SSMN903 24~25 SEM2 000001 ADVANCED MATHEM 4SSMN903 Midterm Test 2025

Consider a consumer maximising utility U(x1,x2)=2x1+3x2 U(x_1, x_2) = 2x_1 + 3x_2 , where the price for good 1 is 1 and the price of good 2 is 2, income of the consumer is 8. The consumer cannot spend...