Solve the following two equations in two unknowns:

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Solve the following two equations in two unknowns:

Cecil consumes X1 and X2 in fixed proportions

Cecil consumes X1 and X2 in fixed proportions

Question

Last one for tonight.

Cecil consumes X1 and X2 in fixed proportions. He consumes A units of good 1 with B units of good 2. To solve for his demand functions for goods 1 and 2,

The answer is:

Solve the following two equations in two unknowns: Bx1= Ax2 and p1x1 + p2x2= m

If you could show me mathematically how the answers was arrived at

Thanks!

Cecil consumes X1 and X2 in fixed proportions

 

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