Question: 3.10 Bills utility function is U = 0.5 ln q1 + 0.5 ln q2. What is his compensated demand function for q1? (Hint: See Solved

3.10 Bill’s utility function is U = 0.5 ln q1 + 0.5 ln q2.

What is his compensated demand function for q1?

(Hint: See Solved Problem 4.5.) m

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