The derivative of the expenditure function with respect to price is the Hicksian demand

The Good ____

p.x=w for all x within x(p,w)

The ____ and the carpenter

In the 2 X 2 production model, if the endowment of a factor increases, the production of the good that uses this factor relatively more intensively increases

Rib Sandwich

The market demand satisfies this if x(p1, w1) is revealed preferred to x(pN, wN), then x(pN, wN) cannot be revealed preferred to x(p1, w1)

There's ___ and then there's Army ___

Marshallian Demand equals negative 1 times the derivative of the value function with respect to price divided by the derivative of the value function with respect to income

____ Rogers

You're not logged in!

Compare scores with friends on all Sporcle quizzes.

## Show Comments