Question
Show that in the case of three goods, whatever the utility function of the consumer, at least one of goods 2 and 3 is a
Show that in the case of three goods, whatever the utility function of the consumer, at
least one of goods 2 and 3 is a Hicksian substitute for good 1. [You may assume that
Hicksian demands are differentiable in prices and that dh1/dp1
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College Accounting Chapters 1-12
Authors: David D Busch, Tracie Nobles
11th Edition
1133710190, 978-1133710196
