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please help. i will give thumbs up to those who will answer. thanks. 2. What are equivalent and compensated variation and how important are these

please help. i will give thumbs up to those who will answer. thanks.

2. What are equivalent and compensated variation and how important are these concepts in Public Economics? (! 3. Suppose Bilbo Baggins is deciding on whether to buy a sword or a bag of golden cups. If he has a utility function of U(C, S) = v4C + S and treasures amounting to 200, while the prices of the sword and bag of golden cup are 4 coppers and 5 coppers, respectively, how many swords and bags of cups can he buy? What does his MRS imply? (10

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