Solution-Find the number of people who take the bus

Find the number of people who take the bus

Reference no: EM131614175

Question: People commuting to a city can choose to go either by bus or by train. The number of people who choose either method depends in part upon the price of each. Let f(P₁, P₂) be the number of people who take the bus when P1 is the price of a bus ride and P2 is the price of a train ride. What can you say about the signs of ∂f /∂P₁ and ∂f /∂P₂? Explain your answers.

Reference no: EM131614175

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Find the number of people who take the bus

Reference no: EM131614175

Reference no: EM131614175

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