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Topic: Exercises 1.29 & 1.46
Conf: Chapter 1, Consumer Theory, Msg: 12474
From: Shannon Pringle (s_pringle_chippers@yahoo.com)
Date: 2/18/2003 07:34 PM

Exercises 1.29 & 1.46 Shannon Pringle tigrgirl23 s_pringle_chippers@yahoo.com In 1.29, I believe we can say that the slope of the IC in price-space is equal in absolute value to the consumption ratio of the respective commodities (Roys identity) - however, how can I justify the curvature and direction?

In 1.46, I need to show my answers mathematically and I am having a hard time doing so - any help/advice/suggestions?
Thanks