Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Question
Chapter 3, Problem 3.5P
a
To determine
To know:
Form of utility function.
b)
To determine
To prove:
Ways to simplify IC curve to be of single good.
c)
To determine
To find:
Cost of good defined in part (b).
d)
To determine
To show:
Percentage increase in price of a good.
e)
To determine
To show:
f)
To determine
To show:
Spread of tax on four goods.
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Assume that there are n identical profit-maximising firms where
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