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PLEASE HELP ME! NOBODY WANTS TO HELP ANSWER MY QUESTION AND I WOULD REALLY APPRECIATE SOME HELP WITH THIS. ESPECIALLY PART C. THANK YOU! 1.

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PLEASE HELP ME! NOBODY WANTS TO HELP ANSWER MY QUESTION AND I WOULD REALLY APPRECIATE SOME HELP WITH THIS. ESPECIALLY PART C. THANK YOU!

image text in transcribed
1. no individual has n utilityr function u = min; end on income of Still a] Solve for MU; end M U: and use theee to determine the MRS. Now use the tnugency condition MRS = % together with the budget line to solve for the demand functions for :1 and e: for this consumer. b} Initially we have m = 2 and p2 = 1. but then 1!] falls to 1. Use your denunde to solve for points A and G [the optimal points pre and poet price change) as done in clean. Show these points on a clear well-Inheiled graph

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