Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Chapter 3, Problem 3.5P

a

To determine

To know:

Form of utility function.

b)

To determine

To prove:

Ways to simplify IC curve to be of single good.

c)

To determine

To find:

Cost of good defined in part (b).

d)

To determine

To show:

Percentage increase in price of a good.

e)

To determine

To show:

f)

To determine

To show:

Spread of tax on four goods.

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