Question: (30 points) Now suppose that your utility from consuming n goods is given by U(X1, ..., Xn); the price of each good Xi is Pi

 (30 points) Now suppose that your utility from consuming n goods

(30 points) Now suppose that your utility from consuming n goods is given by U(X1, ..., Xn); the price of each good Xi is Pi (where i 1, ... , n); and you desire a fixed level of utility U.. = Using implicit differentiation (total derivative) demonstrate: a) (10 points) Whether the Hicksian demand for good Xi is increasing or decreasing in its own price; axj. b) (10 points) Whether = ' c) (10 points) Whether the Hicksian demand for good Xi is increasing or decreasing in utility

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