Intermediate Microeconomics

profilehealme

 

in question 1 the first question asks for the world supply FUNCTION

In question 3 the preference relation is the Euclidean (usual) order. Bundle A is smaller than bundle B if every component of it is smaller.

In question 4 the first question is what type of preferences does he have? Cobb-Douglas etc

In question 5 x(2,1,24) is the demand of good x at price px=2, py=1 and income is M=24 etc.

  • 2 years ago
  • 40
Answer(1)

Purchase the answer to view it

blurred-text
NOT RATED
  • attachment
    Intermediatemicroeconomics2.docx