Question: 2.3 Suppose that Lucys quasilinear utility function in Solved Problem 5.2 is U(q1, q2) = 2q1 0.5 + q2, p 1 = 2, p2 =

2.3 Suppose that Lucy’s quasilinear utility function in Solved Problem 5.2 is U(q1, q2) = 2q1 0.5 + q2, p 1 = 2, p2 = 4, p1 = 4, q1 = q1(p1) = 4, q1 = q1(p1) = 1. Compare her V, EV, and S.

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2.3 Suppose that Lucys quasilinear utility function in Solved Problem 5.2 is U(q1, q2) = 2q1 0.5 + q2, p1 = 2, p2 = 4, p1 = 4, q1 = q1(p1) = 4, q1 = q1 (p1) = 1. Compare her CV, EV, and CS. M

Suppose that Lucy's quasilinear utility function in Solved Problem 5.2 is U(q 1 , q 2 ) = 2q 1 0.5 + q 2 , p 1 = 2, p 2 = 4, p 1 = 4, q1 = q 1 (p 1 ) = 4, q 1 = q 1 (p 1 ) = 1. Compare her CV, EV,...

2.4 Suppose that Lucys quasilinear utility function in Solved Problem 5.2 is U(q1, q2) = 2q1 0.5 + q2, p1 = 2, p2 = 4, p1 = 4, q1 = q1(p1) = 4, q1 = q1 (p1) = 1. Compare her CV, EV, and CS. M

Suppose that Lucy's quasilinear utility function in Solved Problem 5.2 is U(q1, q2) = 2q1 0.5 + q2, p1 = 2, p2 = 4, p 1 = 4, q1 = q1(p1) = 4, q 1 = q1(p1) = 1. Compare her CV, EV, and (CS.

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