Determinant of bordered hessian matrix

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Q. E. Use answers from part 2d and expressions from parts 2a and 2c to ll in bordered Hessian matrix for this problem. n determine where critical values indicate a maximum, a minimum, or a saddle point. Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise?

Reference no: EM1369512

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