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(a) Derive the Marshalian demand functions for the following utility function:
u(x1,x2,x3) = x1 + δ ln(x2) x1 ≥ 0, x2 ≥ 0
Does one need to consider the issue of "corner solutions" here?
(b) Derive the Hicksian demand functions and the expenditure function for the following utility function:
u(x1,x2,x3) =min {√x1, 2√x2, 4√x3} x1 ≥ 0, x2 ≥ 0, x3 ≥ 0
Using the expenditure function and the Hicksian demand functions that you obtained, derive the indirect utility function and the Marshalian demand function for good 1.
Each of the series 3+5+7+..... and 4+7+10.......... is continued to 100 terms find how many terms are identical. Ans) 48 terms would be common to both the series... first take co
1. (‡) Prove asymptotic bounds for the following recursion relations. Tighter bounds will receive more marks. You may use the Master Theorem if it applies. 1. C(n) = 3C(n/2) + n
What is the Elimination technique of Linear Equations?
a man in rested rupee 800 is buying rupee 5 shares and then are selling at premium of rupee 1.15. He sells all the shares.find profit
Q. How to Subtract fractions involving negative numbers? Ans. This is the same as adding them, but just remember the rule that two negatives on the same fraction cancel ou
1. The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e -0.01t for time t > 0. An electrical system consists of four such components. Th
Ut=Uxx+A exp(-bx) u(x,0)=A/b^2(1-exp(-bx)) u(0,t)=0 u(1,t)=-A/b^2 exp(-b)
I need to graph rational numbers on the number line Point A-.60, point B-1/4, point C-.4,point D-7/8
tan^2=(secx-1)(secx+1)
What is a marketing plan
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