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14 Assume that a consumer consumes two different goods, and the utility function is u(x)=(x1, x2) = xix2, the production function of two goods is
14 Assume that a consumer consumes two different goods, and the utility function is u(x)=(x1, x2) = xix2, the production function of two goods is y=1/2+(x-5/8)13 at first, then the function of goods 1 changes to y=1/2+(x-325/8)%. Assume that her income is M-18. Calculate the compensating variation and equivalent variation.. O A CV=1673-15 EV=15-673 OB EV=15-63 CV=16V3-15 OC EV-1873-18 CV=18-6v3. OD EV=18-673 CV=1843-18 15 Suppose f(xi. x)= xl 5x214.wi=w2=1.for profit maximization, what is the long-run cost function? O A CG)-((2/3)-19656(3/2)2663 og cy)=((2/3) by)-((3/2)1y) od Cy)=((32). by-2.31 bytes, (32) 2 3 14 Assume that a consumer consumes two different goods, and the utility function is u(x)=(x1, x2) = xix2, the production function of two goods is y=1/2+(x-5/8)13 at first, then the function of goods 1 changes to y=1/2+(x-325/8)%. Assume that her income is M-18. Calculate the compensating variation and equivalent variation.. O A CV=1673-15 EV=15-673 OB EV=15-63 CV=16V3-15 OC EV-1873-18 CV=18-6v3. OD EV=18-673 CV=1843-18 15 Suppose f(xi. x)= xl 5x214.wi=w2=1.for profit maximization, what is the long-run cost function? O A CG)-((2/3)-19656(3/2)2663 og cy)=((2/3) by)-((3/2)1y) od Cy)=((32). by-2.31 bytes, (32) 2 3
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