ESSAY TOPIC-PROBLEM I-UTILITY MAXIMISATION-USING LAGRANGE MULTIPLIER–MODULE 3-MATHEMATICAL ECONOMICS

This video covers a core part of module III - Mathematical Economics = ESSAY TOPIC - PROBLEM NO. I - UTILITY MAXIMISATION BY USING LAGRANGE MULTIPLIER – STEP BY STEP SOLUTION
I. Given U= f(x1,x2), subject to y = 100, P1=2, P2=5. Find the equilibrium level of consumption of commodity x1 and x2. And also test whether it satisfies the conditions of maximum?
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