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(Don't copy the answer)We assume that the demand for a good X as a function of price p and income m is modeled by the
(Don't copy the answer)We assume that the demand for a good X as a function of price p and income m is modeled by the function
D = f(p,m) = m2ep
a)find fp (2, 1, ) and fm (2, 1). Interpret your results.
b) Calculate the second partial derivatives of f and deduce the Hessian matrix at point (2, 1).
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