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u(x,y)=x^3+y, p_y=2; find ordinary demand for x. Calculate CS when p_x=1

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter6: Demand And Elasticity

Section: Chapter Questions

Problem 4TY

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u(x,y)=x^3+y, p_y=2; find ordinary demand for x. Calculate CS when p_x=1

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