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HW 4
HW 4
HW 4
ин
ifF
"1 F
=C=
UIF
stemnice
,C-SP
+C
a Nes F 20 and
JulFiCe 70
;
)
MIF af
CI RI I
70
FCRI
2rl
2
),
P
Г
fec
FLZFeC IFC
2 70 FC
I
UF
,FO
J Р
)=
Zfee г
feс
So preferences strictly monstoure Uf
,C30
are
b ELRC
)(zfeO)=FC
)
й2 =
FC
F+йC
йС
йс2 fa
Гй
f(с-эй)=
-
r
ЭБ
2
Loas йз
o
БС
Су
с-гй ЙСС-2Й)-йс-2гйР
Y
YFE TL
8'8 in s
LFTCJ FJ
'
2
10-2-
2i,
Fic
-
J3=
-IF
4
l
IZF(2
+CI4F
.
LF
Efee,?
+C
fte)
Г
FСс
C
mu
so preferences are
strictly convex for F
,C2o
C Let food Pa of clothing
Peprice
of
-price
)
,
F
С
need max
r
we
г
fee
as
Pafep
.cim
as
pref are monotonic
.
Since these pref ane stenndart interior solution to
.
UMP must satisfy
:
Д
FJ
PE
з2 РБ
2FI
MUru
MRSFC
C
,
PC Is 2
Prf epoC
Pafep с
=
m
rта
.
from F
C
.F-FPF
we
2
D have
2 Pe
F?PF
substituting D Pr 4
PorF FPF
pe
to
'f
=m
FLATPFRIMFD FLM
ZPrRJ PE
PFeFPrP
+
a C
..
нь
Now cheak for corner solutions
,
if f C =3 Uzo and it is not
2o
or
=o
the at least bundle
max as we can
get one
with F
,ezo
РГ
Ansner FTLPE PEPC
,PLm).
.
СР (
ГР
Ра
tбрерс
pе,Pа,m),
d as
t
Fr
)
2
PESN
CIa
Pr
Sa it normal good
..
LPAP
is
1,
=2,
)
PD BL 2 EC 2
120
F
ĸ222
:
122
C
n F 2 30
;P.
24
tu
120
Cs
a 12 "2260
zera
б
-....їёї" * .
щй
BL EF TC
2120
.:
45-
г.
Fe
%.".", F
p
SE=138
5ЧО
Ci 332 80
MRSEC
2135.
даий?
-P
F
2З F
та
CГ
ий
i
К
FFFTEEE
.
5
73+
Fy
=15
IEI
й
Q
F fee
:30-61
e4os
:160 F
=60
E C
.GD
1
s
bfake 2 60-31-3, Pad Fhecones relativns
Since
135-6027+ cheaper than C 50 Baria mants
AEFR
-
f
,
buy
C
to more
.
Since M Daria wants to
buy more
goods aabless
4