a) Qd=410-5Ps-2Pj Qs=-60+3Ps b) Qd=295-Ps-3Pj Qs=-120+2Pj

Q: Exercise 1. The demand for your product X has been estimated to be QX = 7, 880 − 4PX − 2PY + PZ −…

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Q: Only typed solution

A: U(x, y) = (x^a * y^(1-a))^b + y= x^(ab) * y^(b - ab) + y= x^(ab) * y^(1 - ab) + y= x^(ab) * [y^(1 -…

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Q: None

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