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coughlan925
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I have some continuous assessment for my microeconomics module and was hoping someone could help me with it.
determine an inviduals demand functions for goods 1 and 2, given his utility function
u(x1,x2)=min(x1,x2)
the price of good 1 is p1, the price of good 2 is p2 and income is 1.
sketch the won price demand curve for good 1 assuming p2=2 and I=300.
sketch the engel curve for good given p1=2 and p2=1
help please, completely lost in this subject!
determine an inviduals demand functions for goods 1 and 2, given his utility function
u(x1,x2)=min(x1,x2)
the price of good 1 is p1, the price of good 2 is p2 and income is 1.
sketch the won price demand curve for good 1 assuming p2=2 and I=300.
sketch the engel curve for good given p1=2 and p2=1
help please, completely lost in this subject!
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