A consumer has the utility function U(x1, x2) 2 4x1 + x2. The market prices are given by (p1, p2) = (8, 1) and the
A consumer has the utility function U(x1, x2) 2 4x1 + x2. The market prices are given by (p1, p2) = (8, 1) and the income by 200. Now the market price of good 1 changes from p1 = 8 to p1 = 2 find the compensating variation(CV)
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