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DERIVE CONSUMER DEMAND FUNCTIONs

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0;1)DERIVE CONSUMER DEMAND FUNCTIONs FOR X1 &X2;2)in the special case a+b=1, what interpretation can be given to the utility function parameters a&b?;3)how would you proceed to determine if consumer indifference curve are stricty conves or not?

 

Paper#28625 | Written in 18-Jul-2015

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