Question
A consumer has the utility function U(q 1 ,q 2 ) = q 1 0.2 + q 2 Assume p 2 = 1 and Y
A consumer has the utility function U(q1,q2) = q10.2+ q2
Assume p2= 1 and Y = 100. What is theequivalent variation of a price increase for good 1 from 1 to 2?
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Economic Change In Asia Implications For Corporate Strategy And Social Responsibility
Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud
1st Edition
1317286650, 9781317286653
