Question

A consumer has demand function


Can the demand function be used to determine which of the situation (p1, p2, w) = (2, 4, 200) or (p1, p2, w) = (2, 1, 100) is better from the consumer perspective? If yes, explain how it can be done and do it. If no, explain fully why it cannot be done. Reminder: ∫1 / t dt =ln(t)


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  • CreatedJuly 29, 2013
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