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Question: textbook nicholson amp snyder microeconomic theory 12th edition...

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In Problems 5 - 7, you are given the utility function u(x, y), income I and two sets of prices: initial prices PnPy and final prices p , For each problem, you are to find: (a) the oltinnal eholCY? at the ini.ial prí军戦 (b) the optimal choice at the final prices (c) the change optimal choice at final prices-optimal choice at initial prices (d) the income effect and the substitution effect

Textbook: Nicholson & Snyder, Microeconomic Theory, 12th edition.

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