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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.
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ABC is a triangle right angled at c. let BC=a, CA=b, AB=c and lrt p be the length of the perpendicular from C on AB. prove that cp=ab and 1/p2=1/a2+1/b2
PROVE THAT 2 IS IRRATIONAL
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Find the value of p and q for which the system of equations represent coincident lines 2x +3y = 7, (p+q+1)x +(p+2q+2)y = 4(p+q)+1 Ans: a 1 = 2, b 1 = 3, c 1 = 7 a 2 =
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