3. Goods I and 2 are available at prices (in dollars) of p1 per unit of good 1 and p2 per unit of good 2. A utility function U(x1, x2) is a function representing the utility or beneit fo consuming xj, units of good j. The marginal utility of the jth good is 6397cfbd94cc9.jpg, the rate of increase in utility per unit increase in the jth good. Prove the following law of economics: Given a budget of L dollars, utility is maximized at the consumption level (a,b) where the ratio of marginal utility is equal to the ratio of prices:
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