1. **State the problem:**
We are given the equation $$\frac{\mu_X}{P_X} = \frac{\mu_Y}{P_Y}$$ with \(\mu_X = 3X^{1/2}Y^{1/2}\), \(P_X = 9\), \(\mu_Y = X^{3/2}Y^{-1/2}\), and \(P_Y = 3\).
2. **Write the equation substituting the given expressions:**
$$\frac{3X^{1/2}Y^{1/2}}{9} = \frac{X^{3/2}Y^{-1/2}}{3}$$
3. **Simplify both sides:**
Left side: $$\frac{3}{9}X^{1/2}Y^{1/2} = \frac{1}{3}X^{1/2}Y^{1/2}$$
Right side: $$\frac{1}{3}X^{3/2}Y^{-1/2}$$
So the equation becomes:
$$\frac{1}{3}X^{1/2}Y^{1/2} = \frac{1}{3}X^{3/2}Y^{-1/2}$$
4. **Multiply both sides by 3 to clear denominators:**
$$X^{1/2}Y^{1/2} = X^{3/2}Y^{-1/2}$$
5. **Rewrite powers to isolate variables:**
$$X^{1/2}Y^{1/2} = X^{3/2}Y^{-1/2}$$
Divide both sides by $$X^{1/2}Y^{-1/2}$$:
$$\frac{X^{1/2}Y^{1/2}}{X^{1/2}Y^{-1/2}} = \frac{X^{3/2}Y^{-1/2}}{X^{1/2}Y^{-1/2}}$$
Simplify exponents:
Left side: $$Y^{1/2 - (-1/2)} = Y^{1} = Y$$
Right side: $$X^{3/2 - 1/2} = X^{1} = X$$
So we get:
$$Y = X$$
6. **Interpretation:**
The solution to the equation is the line $$Y = X$$.
This means for the given functions and prices, the ratio equality holds when $$Y$$ equals $$X$$.
**Final answer:** $$\boxed{Y = X}$$
Mu P Ratio
Step-by-step solutions with LaTeX - clean, fast, and student-friendly.