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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.
we know that derivative of x 2 =2x. now we can write x 2 as x+x+x....(x times) then if we take defferentiation we get 1+1+1+.....(x times) now adding we get x . then which is wro
1. Construct an isosceles triangle whose base is 7cm and altitude 4cm and then construct another similar triangle whose sides are 1/2 times the corresponding sides of the isosceles
im having trouble with this problem: 6tons 1500lb/5
Find out the volume of the solid obtained by rotating the region bounded by x = (y - 2) 2 and y = x around the line y = -1. Solution : We have to first get the intersection
Q. Find Probabilities for the Standard Normal Distribution? Ans. Suppose the history teacher decides to distribute the final grades of his class with a normal distribution
lim(x->0) xln²(xln(x))
a painting is 20 cm wider than its height. its area is 2400 centimeter squared. find its lenght and width
1. A 3d rotation matrix has 9 (3 by 3) entries, and a 2d rotation matrix has 4 (2 by 2) entries. How many actual degrees of freedom are there in a 3d or 2d rotation? In other words
z+31=73 for z=42
To find out the volume of a cube which measures 3 cm by 3 cm by 3 cm, what formula would you use? The volume of a cube is the length of the side cubed and the length of the sid
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