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Question 1

You know the following values (you might not need all of them to answer the question): 8.121 .6m1__.6H1___.6H1__ . . 3P1 5, $2 3, ap1 , ap2 _ 4. What IS the slope of the Engel curve for good 1 If the consumer purchases 2 units of good 2. Consumer's utility function for consumption levels in two periods is 4 c1 + 2 c2. The interest rate is r and there is no inflation. What are the Marhallian demands if income in the first period is 20 and in the second period is 10