DSE Microeco doubts for Mphil\Phd

Posted by Prachi on Jun 19, 2012; 10:52am
URL: http://discussion-forum.276.s1.nabble.com/DSE-Microeco-doubts-for-Mphil-Phd-tp7578210.html

Hi Amit,

I have few basic doubts, can you please guide me as to how to proceed with dese ques -

Ques-1: Marshallian demand functions of the following form are given and its asked that are these Marshallian demands generated by a "standard neoclassical" function?

As a hint its written : check the properties of demand functions implied by the demand theory.
 x1(p1,p2,w) = (w/(p1 + p2))^2 = x2(p1,p2,w)

Ans -1: Should I just prove that its homogenous of degree 0 in prices and income. Anything else that i can do here?  

Thanks alot!