Programme Code : MEC
Course Code : MEC-003
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Year : 2013 Views: 881 Submitted By : RACHNA On 17th January, 2014

Do you have solution for this Question. If yes    I aslo want solution.

Q.


Consider the utility u = f (x1..............xn) where xi, i = 2,........., n are the quantities of the n goods consumed. Let the price of goods pi, i = 2,............, n. Let M be the consuler's income. show that the Langrangian multiplier of the utility maximization problem equals the marginal utility of income.


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