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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.
integral from 0 to pi of dx/(a+b*cos(x)
Unit circle A circle centered at the origin with radius 1 (i.e. this circle) is called as unit circle. The unit circle is very useful in Trigonometry. (b) x 2 + ( y - 3) 2
Q. Addition Involving Negative Numbers? Ans. When you add together positive and negative numbers, there are essentially three possibilities that you can encounter. Let's e
writing sin 3 a.cos 3 a = sin 3 a.cos 2 a.cosa = sin 3 a.(1-sin 2 a).cosa put sin a as then cos a da = dt integral(t 3 (1-t 2 ).dt = integral of t 3 - t 5 dt = t 4 /4-t 6 /6
The population of the village is 5000. If in a year, the number of males were to increase by 5% and that of a female by 3% annually, the population would grow to 5202 at the end o
need help
When do you think you should introduce word problems-before children master the formal algorithm, or after? What are your reasons for your choice? In any case, no textbook can s
Find the sum of (1 - 1/n ) + (1 - 2/n ) + (1 - 3/n ) ....... upto n terms. Ans: (1 - 1/n ) + (1 - 2/n ) - upto n terms ⇒[1+1+.......+n terms] - [ 1/n + 2/n +....+
tan45 degrees=tan(90degrees-45degrees)
A teacher on attempting to arrange the students for mass drill in the form of a solid square found that 24 students were left over. When he increased the size of the square by one
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