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Assume that a person's utility over two goods is given by
U(x1,x2)=(x1 -5)1/3(x2 -10)2/3
The price of good x1 is equal to p1 and the price of good x2 is p2. The total income of the individual is given by I.
(a) Write down the budget constraint of this consumer
(b) Calculate the demand for each one of the two goods
(c) Is good x1 a normal or an inferior good? What about good x2? Make sure to justify your answers.
(d) Calculate the elasticity of demand for each one of the two goods.
Suppose that we have an existing transaction database TDB for which we have already mined the frequent patterns. Also we have a new set of transaction
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But would not require to give for information security on those systems. Explain that environment and desribe why information security is not factor for that organization.
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