Question

by using the following cobb douglas utility Function derive optimal choice condition ​

Answer 1

Answer:

Explanation:

One of the most common is the Cobb-Douglas utility function, which has the form u(x, y) = x a y 1 - a. Another common form for utility is the Constant Elasticity of Substitution (CES) utility function. This function has the form u(x, y) = (a x r + b y r) 1/r.