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(a) Derive the Marshalian demand functions for the following utility function:
u(x1,x2,x3) = x1 + δ ln(x2) x1 ≥ 0, x2 ≥ 0
Does one need to consider the issue of "corner solutions" here?
(b) Derive the Hicksian demand functions and the expenditure function for the following utility function:
u(x1,x2,x3) =min {√x1, 2√x2, 4√x3} x1 ≥ 0, x2 ≥ 0, x3 ≥ 0
Using the expenditure function and the Hicksian demand functions that you obtained, derive the indirect utility function and the Marshalian demand function for good 1.
draw a equilateral triangle with length of side 6.5 cm. and let us draw a parallelogram equal in area to that triangle and having an angle 45 degree
Problem1: Find the general solution on -π/2 Dy/dx +(tan x)y =(sin 2 x)y 4
Expected Value of Perfect Information In the above problems we have used the expected value criterion to evaluate the decisions under the conditions of risk. But, as long as un
#i hve two qestion on Differential Equation i need solve it..
A shuttlecock used for playing badminton has the shape of a frustum of a Cone mounted on a hemisphere. The external diameters of the frustum are 5 cm and 2 cm, and the height of t
The Cartesian product (also called as the cross product) of two sets A and B, shown by AΧB (in the similar order) is the set of all ordered pairs (x, y) such that x€A and y€B. What
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one bathroom is 0.3m long how long is a row of 8 tiles
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Find the middle term of the AP 1, 8, 15....505. A ns: Middle terms a + (n-1)d = 505 a + (n-1)7 = 505 n - 1 = 504/7 n = 73 ∴ 37th term is middle term a 37
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