Johns utility function is uxy min3x4y his income is
John's utility function is U(X,Y) = min{3X,4Y}. His income is denoted by I and the prices by PXand PY.a) Find the Marshalian(uncompensated) demands for X and Y.b) Find the income elasticity of demand for X and Y.
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johns utility function is uxy min3x4y his income is denoted by i and the prices by pxand pya find the
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johns utility function is uxy min3x4y his income is denoted by i and the prices by pxand pya find the marshalian
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