All Questions
1 question
0
votes
1
answer
655
views
Calculate hicksian demand with utility function (with restriction)
$U(x_1, x_2) = 1/2 * x_1 $
I am trying to calculate the Hicksian demand when when $U(x_1, x_2) = 2$ and the value of the minimum expenditure when $p_1 = 9$ and $p_2 = 16$
For the hicksian demand I ...
- 13