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Amy has utility functionu (x1, x2) = min { 2*(x1)^2*x2, x1*(x2)^2 }. Derive Amy's demand function forx1andx2. For what values (if any) ofm,p1, andp2are the
Amy has utility functionu (x1, x2) = min { 2*(x1)^2*x2, x1*(x2)^2 }. Derive Amy's demand function forx1andx2. For what values (if any) ofm,p1, andp2are the goods gross complements or gross substitutes of each other?
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