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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.
Minima, Maxima and points of inflexion a) Test for relative maximum Consider the given function of x whose graph is presented by the figure given below
Solve 9 sin ( 2 x )= -5 cos(2x ) on[-10,0]. Solution At first glance this problem appears to be at odds with the sentence preceding the example. However, it really isn't.
#question when equation of tangent T=0 and why
if prices are calculatead with a 35% markup based on cost,what is the percent that those prices should be marked down to get back to their original cost?Choose any convenient cost
Illustration In a social survey whether the main reason was to establish the intelligence quotient or IQ of resident in a provided area, the given results were acquired as tab
rajan bought an armchair for rs.2200 and sold it for rs.2420.find his profit per cent.
need help with consumer surplus
2
E1) From your experience, and what you have studied so far, by which age would-you expect an average child to be ready to acquire the following concepts? i) Simple classificatio
OTHER WAYS TO AID LEARNING : Here we shall pay particular attention to the need for repetition, learning from other children, and utilising errors for learning.
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