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Microeconomic Theory

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.8P

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c) Given the following indirect utility function V(P, y) = y(p_1^r + p_2^r)^-1/ r derive the Marshallian demand function.

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