Suppose Your Tastes Can Be Represented by the Utility Function $u \left( x _ { 1 } , x _ { 2 } \right) = x _ { 1 } ^ { 2 } + x _ { 2 } ^ { 2 }$

Essay

Suppose your tastes can be represented by the utility function $u \left( x _ { 1 } , x _ { 2 } \right) = x _ { 1 } ^ { 2 } + x _ { 2 } ^ { 2 }$ .Your demand for $x _ { 1 }$ is a. $\frac { I } { 2 p _ { 1 } }$ .

d. $\frac { I } { p _ { 1 } }$ if $p _ { 1 } < p _ { 2 }$ and 0 if $p _ { 2 } < p _ { 1 }$ .

b. $\frac { p _ { 1 } I } { p _ { 1 } ^ { 2 } + p _ { 2 } ^ { 2 } }$ .

e. None of the above

c. $\frac { I } { p _ { 1 } + p _ { 2 } }$ .