Problem 3 Martha has the utility fvnction U : min{4x 2y}. a) Derive her demand functions for a' and y as jvnctions of the variables
Problem 3 Martha has the utility fvnction U : min{4x 2y}. a) Derive her demand functions for a' and y as jvnctions of the variables m, pm: and pg; where m is income; pm is the price ofa'f. and joy is the price Of?- 13) Write the equation for the income oer carve; y*(m*). c) Derive the equations for good x and good 3,: Enget curves
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