SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
Please type your asnwer for a better rating!
4. Explain for the 2-good case how "duality" can be using to relate the consumer's utility maximiz
ation problem and the consumer's expenditure minimization problem. Use pictures to exactly
identify the duality relationship between utility maximization and expenditure minimization. For this
problem, assume preferences are strictly convex (and have a utility representation by a utility
function that is strictly concave).

Mais conteúdo relacionado

Mais de aggarwalopticalsco

Please to write a Rebuttal essay on these points 1 IP laws .pdf
Please to write a Rebuttal essay on these points 1 IP laws .pdfPlease to write a Rebuttal essay on these points 1 IP laws .pdf
Please to write a Rebuttal essay on these points 1 IP laws .pdf
aggarwalopticalsco
 
Please tell me the correct answer for each question listed .pdf
Please tell me the correct answer for each question listed .pdfPlease tell me the correct answer for each question listed .pdf
Please tell me the correct answer for each question listed .pdf
aggarwalopticalsco
 
Please solve the TODO parts of the following probelm incl.pdf
Please solve the TODO parts of the following probelm  incl.pdfPlease solve the TODO parts of the following probelm  incl.pdf
Please solve the TODO parts of the following probelm incl.pdf
aggarwalopticalsco
 
Please solve the TODO parts include LinkedListcpph tem.pdf
Please solve the TODO parts  include LinkedListcpph tem.pdfPlease solve the TODO parts  include LinkedListcpph tem.pdf
Please solve the TODO parts include LinkedListcpph tem.pdf
aggarwalopticalsco
 
Please respond to AI by stating which element of expectanc.pdf
Please respond to AI by stating which element of expectanc.pdfPlease respond to AI by stating which element of expectanc.pdf
Please respond to AI by stating which element of expectanc.pdf
aggarwalopticalsco
 
please reference the work using the APA style and I dont wa.pdf
please reference the work using the APA style and I dont wa.pdfplease reference the work using the APA style and I dont wa.pdf
please reference the work using the APA style and I dont wa.pdf
aggarwalopticalsco
 
please read the steps below and it will tell you what we usi.pdf
please read the steps below and it will tell you what we usi.pdfplease read the steps below and it will tell you what we usi.pdf
please read the steps below and it will tell you what we usi.pdf
aggarwalopticalsco
 
Please read the case study below and apply conceptscontent .pdf
Please read the case study below and apply conceptscontent .pdfPlease read the case study below and apply conceptscontent .pdf
Please read the case study below and apply conceptscontent .pdf
aggarwalopticalsco
 

Mais de aggarwalopticalsco (20)

Please to write a Rebuttal essay on these points 1 IP laws .pdf
Please to write a Rebuttal essay on these points 1 IP laws .pdfPlease to write a Rebuttal essay on these points 1 IP laws .pdf
Please to write a Rebuttal essay on these points 1 IP laws .pdf
 
Please tell me the correct answer for each question listed .pdf
Please tell me the correct answer for each question listed .pdfPlease tell me the correct answer for each question listed .pdf
Please tell me the correct answer for each question listed .pdf
 
Please solve the TODO parts of the following probelm incl.pdf
Please solve the TODO parts of the following probelm  incl.pdfPlease solve the TODO parts of the following probelm  incl.pdf
Please solve the TODO parts of the following probelm incl.pdf
 
Please solve the TODO parts include LinkedListcpph tem.pdf
Please solve the TODO parts  include LinkedListcpph tem.pdfPlease solve the TODO parts  include LinkedListcpph tem.pdf
Please solve the TODO parts include LinkedListcpph tem.pdf
 
Please solve the following problem Make a program that dete.pdf
Please solve the following problem Make a program that dete.pdfPlease solve the following problem Make a program that dete.pdf
Please solve the following problem Make a program that dete.pdf
 
please show steps Consider the function fxyzz968x63.pdf
please show steps Consider the function fxyzz968x63.pdfplease show steps Consider the function fxyzz968x63.pdf
please show steps Consider the function fxyzz968x63.pdf
 
please solve in Java language not in other language Instruct.pdf
please solve in Java language not in other language Instruct.pdfplease solve in Java language not in other language Instruct.pdf
please solve in Java language not in other language Instruct.pdf
 
please solve fast ND correctlyits urgent An animal that i.pdf
please solve fast ND correctlyits urgent An animal that i.pdfplease solve fast ND correctlyits urgent An animal that i.pdf
please solve fast ND correctlyits urgent An animal that i.pdf
 
please solve all parts as they are the same question but MCQ.pdf
please solve all parts as they are the same question but MCQ.pdfplease solve all parts as they are the same question but MCQ.pdf
please solve all parts as they are the same question but MCQ.pdf
 
Please show your calculations and complete the table 3 Co.pdf
Please show your calculations and complete the table  3 Co.pdfPlease show your calculations and complete the table  3 Co.pdf
Please show your calculations and complete the table 3 Co.pdf
 
Please show work on paper For the general loan of amount L t.pdf
Please show work on paper For the general loan of amount L t.pdfPlease show work on paper For the general loan of amount L t.pdf
Please show work on paper For the general loan of amount L t.pdf
 
please show work Rate of return Personal Finance Problem Ris.pdf
please show work Rate of return Personal Finance Problem Ris.pdfplease show work Rate of return Personal Finance Problem Ris.pdf
please show work Rate of return Personal Finance Problem Ris.pdf
 
Please show all steps and explain them Let X be a continuou.pdf
Please show all steps and explain them Let X be a continuou.pdfPlease show all steps and explain them Let X be a continuou.pdf
Please show all steps and explain them Let X be a continuou.pdf
 
Please represent the integer numbers in the following format.pdf
Please represent the integer numbers in the following format.pdfPlease represent the integer numbers in the following format.pdf
Please represent the integer numbers in the following format.pdf
 
Please respond to AI by stating which element of expectanc.pdf
Please respond to AI by stating which element of expectanc.pdfPlease respond to AI by stating which element of expectanc.pdf
Please respond to AI by stating which element of expectanc.pdf
 
please reference the work using the APA style and I dont wa.pdf
please reference the work using the APA style and I dont wa.pdfplease reference the work using the APA style and I dont wa.pdf
please reference the work using the APA style and I dont wa.pdf
 
please read the steps below and it will tell you what we usi.pdf
please read the steps below and it will tell you what we usi.pdfplease read the steps below and it will tell you what we usi.pdf
please read the steps below and it will tell you what we usi.pdf
 
Please show all necessary steps a Let 1XVarXpath d.pdf
Please show all necessary steps a Let 1XVarXpath d.pdfPlease show all necessary steps a Let 1XVarXpath d.pdf
Please show all necessary steps a Let 1XVarXpath d.pdf
 
please show solution in Mathematica A particle is undergoing.pdf
please show solution in Mathematica A particle is undergoing.pdfplease show solution in Mathematica A particle is undergoing.pdf
please show solution in Mathematica A particle is undergoing.pdf
 
Please read the case study below and apply conceptscontent .pdf
Please read the case study below and apply conceptscontent .pdfPlease read the case study below and apply conceptscontent .pdf
Please read the case study below and apply conceptscontent .pdf
 

Último

Último (20)

Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
Plant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptxPlant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptx
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 

Please type your asnwer for a better rating 4 Explain f.pdf

  • 1. Please type your asnwer for a better rating! 4. Explain for the 2-good case how "duality" can be using to relate the consumer's utility maximiz ation problem and the consumer's expenditure minimization problem. Use pictures to exactly identify the duality relationship between utility maximization and expenditure minimization. For this problem, assume preferences are strictly convex (and have a utility representation by a utility function that is strictly concave).