a). Mr. Ayiecho spends his money on two goods Q1 and Q2, with prices p? and p2 respectively. He estimated his ordinary demand for good Qi be: M Q' = f(P1, P2, M)= 1 P
(i). Determine his Marshallian demand for good Q2.
(ii). Establish the slope of his Hicksian demand for good Q?.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below i To determine Mr Ayiechos Marshallian ... View the full answer