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Hello. I am solving this exercise. I am having troubles with part 3. When I solved these optimal Hicksian demands I got very complicated expression.
Hello. I am solving this exercise.
I am having troubles with part 3. When I solved these optimal Hicksian demands I got very complicated expression. I don't think the answer has to be this tedious and it will complicate further calculus, so I bet I made a mistake somewhere. Could you look at the exercise and help me to finish it? I would be very grateful.
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