Unformatted text preview: x 2 is fixed at p 2 = $1. Find the demand for x 1 as a function of p 1 and income m . ( Hint : Set MRS = p 1 / p 2 and use the budget equation p 1 x 1 + p 2 x 2 = m .) (c) The price of good x 2 is fixed at p 2 = $1. Find the demand for x 2 as a function of p 1 and income m ....
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 Summer '07
 Dr.ShomuBanerjee
 Economics, Microeconomics, Utility, $1, Marginalism, Shomu Banerjee, good x2

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