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Unformatted text preview: constraint u ( x 1 , x 2 ) = x 1 + ln( x 2 ) p 1 x 1 + p 2 x 2 y how much income does this person need to compensate her for a doubling of the price of good 2? 4) In the equation below what value of makes e an expenditure function? e ( p 1 , p 2 , u ) = ( p 1 p 2 ) u What is this consumers utility function? 1...
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- Spring '09