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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.
table of 12
What are the Basic Elements of Reasoning ? There are four basic elements used in geometry. If we say studying geometry is like building a house, then these elements are like d
Question 1 Explain Peano's Axioms with suitable example Question 2 Let A = B = C= R, and let f: A→ B, g: B→ C be defined by f(a) = a+1 and g(b) = b 2 +1. Find a) (f °g
Devise data that link a certain relationship OF YOUR CHOOSING between two variables. Write a rationale stating why you chose this particular data and what you are planning to STAT
Functions and Graphs Need assistance, Please describe Functions and Graphs.
to use newspaper and report on share and dividend
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from 0->1: Int sqrt(1-x^2) Solution) I=∫sqrt(1-x 2 )dx = sqrt(1-x 2 )∫dx - ∫{(-2x)/2sqrt(1-x 2 )}∫dx ---->(INTEGRATION BY PARTS) = x√(1-x 2 ) - ∫-x 2 /√(1-x 2 ) Let
∫1/sin2x dx = ∫cosec2x dx = 1/2 log[cosec2x - cot2x] + c = 1/2 log[tan x] + c Detailed derivation of ∫cosec x dx = ∫cosec x(cosec x - cot x)/(cosec x - cot x) dx = ∫(cosec 2 x
A piece of cardboard in the shape of a trapezium ABCD & AB || DE, ∠ BCD = 900, quarter circle BFEC is removed. Given AB = BC = 3.5 cm, DE = 2 cm. Calculate the area of remaining p
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