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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.
In triangle ABC, cosecA(sinB.sinC+cosB.sinC) is equal to..?
Max can paint a house in 3 hours. Saria can paint a house in 5 hours. working together, how long will it take both Saria and Max to paint a house?
give some examples
The number of hours spent studying and achievement on an exam
Relations in a Set: Let consider R be a relation from A to B. If B = A, then R is known as a relation in A. Thus relation in a set A is a subset of A ΧA. Identity Relation:
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write the value of the 3 in each number
I am less than 100 the sum of my digits is 4 half of me is an odd number
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