Prove that if the consumer is indifferent between commodity bundles (qq) and (1) ..q) and has...
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Prove that if the consumer is indifferent between commodity bundles (qq) and (1) ..q) and has a homothetic utility function, she will also be indifferent between the 19¹9). bundles (tq, tq) and (tq), tqn ***** ***** Prove that if the consumer is indifferent between commodity bundles (qq) and (1) ..q) and has a homothetic utility function, she will also be indifferent between the 19¹9). bundles (tq, tq) and (tq), tqn ***** *****
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ANSWER By using vector notation let gq a homogeneou... View the full answer
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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