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For the utility function U(X,Y)= XY, under budget constraint PxX+PyY=I a. Find the Marshallian demand functions for X and Y b. Find the compensated demand
For the utility function U(X,Y)= XY, under budget constraint PxX+PyY=I
a. Find the Marshallian demand functions for X and Y
b. Find the compensated demand functions for X and Y
c. Find gross and net relationships between goods X and Y
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