There are two consumer goods, x1andx2. consumers all have income given bym, and a utilityfunctionu(x1, x2) =aln(x1) +ln(x2). the price of the two goods are p1and p2.(a) find the individual demand functions for 1and 2.(b) the parameteradiffers across consumers. type a consumers havea= 1. type bconsumers havea= 2. if there is one type a person and two type b people, what ismarket demand for good 1
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Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?
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Ineed the answer today! explain how inflation can be built into the system
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There are two consumer goods, x1andx2. consumers all have income given bym, and a utilityfunctionu(x...
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