Math, asked by galrob338, 21 hours ago

derive marshallian demand

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Answered by yooo16

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consumer's ordinary demand function, is also known as the Marshallian demand function, can be derived from the analysis of utility-maximisation. The first-order condition for constrained utility-maximisation is: Now solving equations (6.48) – (6.50) for obtaining the equilibrium values of q1 and q2.

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