Determine the Marshalian demand Xpp, wq in the following cases:
Posted: Mon Mar 21, 2022 4:30 pm
Determine the Marshalian demand Xpp, wq in the following
cases:
Problem 2 Determine the Marshalian demand X (p, w) in the following cas cases: 1/2 1/2 (a) u (11, 12) = x2 + 2x32 p > 0, w > 0. = (b) u (x1, 12) = max(11, 12), P1 = P2 > 0, w > 0. (You may use a graphical approach) = 9 .
cases:
Problem 2 Determine the Marshalian demand X (p, w) in the following cas cases: 1/2 1/2 (a) u (11, 12) = x2 + 2x32 p > 0, w > 0. = (b) u (x1, 12) = max(11, 12), P1 = P2 > 0, w > 0. (You may use a graphical approach) = 9 .