Register

A consumer has the utility function U(q1,q2) = q10.1 + q2 Assume p2 = 1 and Y = 100. What is the equivalent variation of a price increase for good 1 from 1 to 3?

A consumer has the utility function U(q1,q2) = q10.1 + q2 Assume p2 = 1 and Y = 100. What is the equivalent variation of a price increase for good 1 from 1 to 3?
44.9k views
5 votes
A consumer has the utility function

U(q1,q2) = q10.1 +
q2
Assume p2 = 1 and Y = 100. What is the equivalent
variation of a price increase for good 1 from 1 to 3?

User Revell
by
7.7k points

1 Answer

3 votes

Answer:

d

Step-by-step explanation:

d

User Ahmed Raza
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!