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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.
5645.356 turn into fraction
use the bionomial theorem to expand x+2/(2-X)(WHOLE SQUARE 2)
Interpretations of derivatives. Example: Find out the equation of the tangent line to x 2 + y 2 =9 at the point (2, √5 ) .
what are the formula in the operation of fraction and how will i apply the operation of fraction on word problems
xdy/dx=dy/dx y
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