Question: Revenue equivalent changes will (usually) make a consumer better off 2. Illustrate revenue equivalency for a. Tuition subsidies b. Portfolios u(x,y)=x1/2y1/2,px=2,py=2,x^=100,y^=100, now px=1 Revenue equivalent

Revenue equivalent changes will (usually) make a consumer better off 2.

Revenue equivalent changes will (usually) make a consumer better off 2. Illustrate revenue equivalency for a. Tuition subsidies b. Portfolios u(x,y)=x1/2y1/2,px=2,py=2,x^=100,y^=100, now px=1 Revenue equivalent changes will (usually) make a consumer better off 2. Illustrate revenue equivalency for a. Tuition subsidies b. Portfolios u(x,y)=x1/2y1/2,px=2,py=2,x^=100,y^=100, now px=1

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