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9 Feb 2018
From the following utility function:
U(x; y) = x^1/5 + y^1/5
(1) Find the income and substitution effects.
(2) Find the substitution effect of U(x; y) = x^1/3 + y^1/3.
From the following utility function:
U(x; y) = x^1/5 + y^1/5
(1) Find the income and substitution effects.
(2) Find the substitution effect of U(x; y) = x^1/3 + y^1/3.
glorysoft2Lv10
2 Oct 2022
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2 Jun 2021
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