Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
please teach explain step by step, I do not know notations, concepts too
![IE = x(p₁w) x (p₁w) - SE
e.g. p. falls
те
X₂₁
ΤΕ
h(p₁u) = x/x
For marginal changes, slutsky egín:
n(pin)
de
SE It
`(p₁.
SE
x(pin) = h(p/₁u')
axi
axi (px) = ahi (p₁um) - X₁ (pim) 3x4 (Am)
əhi
x;
x;
дрј
(سلام)
IE
XI
where up=v(p,w)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1ab2968-d288-4fd8-b87c-74963c459231%2F953e3777-f365-47aa-927f-2fde427903a9%2Fq4kfxhn_processed.png&w=3840&q=75)
Transcribed Image Text:IE = x(p₁w) x (p₁w) - SE
e.g. p. falls
те
X₂₁
ΤΕ
h(p₁u) = x/x
For marginal changes, slutsky egín:
n(pin)
de
SE It
`(p₁.
SE
x(pin) = h(p/₁u')
axi
axi (px) = ahi (p₁um) - X₁ (pim) 3x4 (Am)
əhi
x;
x;
дрј
(سلام)
IE
XI
where up=v(p,w)
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