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2. The utility function is given by u(x₁,x2)==lnx +±ln x₂. Check whether the following Slutsky equation 1 1 4 (p.1) дрг f(pu)_ĉo (p.1) ap2 ·Q2(p,1) is satisfied. (p,I) - the al Marshallian demand function, ƒ(p,u) – the Hicksian demand function.

2. The utility function is given by u(x₁,x2)==lnx +±ln x₂. Check whether the following Slutsky equation 1 1 4 (p.1) дрг f(pu)_ĉo (p.1) ap2 ·Q2(p,1) is satisfied. (p,I) - the al Marshallian demand function, ƒ(p,u) – the Hicksian demand function.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need an answer to 2nd question. You sent it to me, but it is not written in a readable way. Please, answer my 2nd question accurately.

2. The utility function is given by u(x,,x,) - In x, +– In x,. Check whether the following 4 ôg(p.1) _ ôf,(p.u)_ô9(p.1) др, Marshallian demand function, f(p,u) – the Hicksian demand function. Slutsky equation · P,(p,1) is satisfied. (p,1) - the
Transcribed Image Text:2. The utility function is given by u(x,,x,) - In x, +– In x,. Check whether the following 4 ôg(p.1) _ ôf,(p.u)_ô9(p.1) др, Marshallian demand function, f(p,u) – the Hicksian demand function. Slutsky equation · P,(p,1) is satisfied. (p,1) - the
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