Finding demand

[Amit Goyal]

a) u(x,y)= min {2x+1,x+y,2y+1}

b) u(x,y)= x+y,             if y>=x
            = 2(xy)^(1/2),  if x>=y

c) u(x,y)= min {x+y,2y}

Note: (xy)^(1/2) is read as "square root" of xy.

[Amit Goyal]

How to find demand corresponding to preferences represented by above utility functions?

[gurvinder]

lets start the problems like this...u start with the porblem and we continue....how does that sound for beginers????

[Kanika]

The hicksian price effect is not at all clear tCan you please illstrate one example mathematically on the website showing how to take out the income and substitution effect by this method.

[Amit Goyal]

I have posted a sample problem for SE and IE.

[maahi]

how to solve it ???????