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Set 6 Econ 121, Spring 2020 solution Derive the demand functions of Robinson and Friday as a function of the price of bananas pb and
Set 6 Econ 121, Spring 2020 solution Derive the demand functions of Robinson and Friday as a function of the price of bananas pb and the price of coconuts pc. Explain why there is no loss of generality in assuming that the price of bananas pb is equal to one. Hereafter we take this to be the case (i.e., pb = 1)
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Agricultural Economics
Authors: Evan Drummond, John Goodwin
3rd edition
136071929, 978-0136071921
