Econ 10A: Problem Set 3 (1) Ted's utility function over goods X1 and X2 is given by U(x1, x2) = 4√x1/2 * √x2/4. What are Ted's demands for goods 1 and 2 if the price of good 1 is 1, the price of good 2 is 2, and Ted has $18 to spend?
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