Find the Walrasian demand with Leontief function
A consumer has the utility function u(x1;x2) = min(x1;x2) + 5max(x1;x2) Find its Walrasian demand ∗( ; ).x.I’ve tried searching it up when we have two Leontief functions summed together but to no luck. If this was a simple case we’d just have x1=x2 and substitute it to the budget constraint to find the demand for both. So far I know that min(x,y)+max(x,y)=x+y but don’t know how to proceed from here.
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