Toni gets utility from X1 and X2 and her utility function is
π(π₯1, π₯2) = π₯1
0.25π₯2
0.75
A. (20 points) Toni maximizes her utility subject to her budget constraint. Write down her first
order conditions and solve for Toniβs ordinary demand functions π₯1
β(π1, π2, πΌ) and π₯2
β(π1, π2, πΌ)