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5. Calculate the consumer's demand for good x, for the following utility functions. What can you say about cross price demand charts? What can you
5. Calculate the consumer's demand for good x, for the following utility functions. What can you say about cross price demand charts? What can you say about the complementarity and substitution of these goods among themselves? Explain. u(X1,X2) = x1/2, + x1/2, u(x1,*2) = min{ x1/21 , x1/2 2}
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