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
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
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