[Steps Shown] maximizing U=(x_1x_2)^3+x_1x_2, subject to p_1x_1+p_2x_2=y, and maximizing U=ln x_1+ln x_2, subject to p_1x_1+p_2x_2=y and explain the relation
Question:
- maximizing \(U={{({{x}_{1}}{{x}_{2}})}^{3}}+{{x}_{1}}{{x}_{2}}\), subject to \({{p}_{1}}{{x}_{1}}+{{p}_{2}}{{x}_{2}}=y\), and
- maximizing \(U=\ln {{x}_{1}}+\ln {{x}_{2}}\), subject to \({{p}_{1}}{{x}_{1}}+{{p}_{2}}{{x}_{2}}=y\)
and explain the relation between the solutions.
Deliverable: Word Document 
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(Steps Shown) Consider the problem of maximizing U(c,l) subject
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(Solution Library) Consider the problem of maximizing profit π =pY-wL
(See Steps) Prove that the production function being homogeneous
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