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answer a and b Problem 1 (10 points) Ananya's utility function is qlq2 3q'2 (a) Derive Ananya's ordinary demands for goods 1 and 2. (b)
answer a and b
Problem 1 (10 points) Ananya's utility function is qlq2 3q'2 (a) Derive Ananya's ordinary demands for goods 1 and 2. (b) Show that as good 1 becomes more expensive the demand for good 2 decreases.
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
