A consumer consumes two agricultural products: Red Meat, and Tomatoes according to the following utility function: U = RT Write down the budget constraint (budget line equation) for this consumer. Determine the quantities that the consumer should consume of each of the two products. Calculate the value of the lagrangian multiplier. Derive the demand function for Red Meat. Derive the demand function for Tomatoes.

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A consumer consumes two agricultural products: Red Meat, and Tomatoes according to the following utility function:
U = RT
Write down the budget constraint (budget line equation) for this consumer.

Determine the quantities that the consumer should consume of each of the two products.

Calculate the value of the lagrangian multiplier.
Derive the demand function for Red Meat.
Derive the demand function for Tomatoes.

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