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Each Day a Precocious Pre-Schooler Eats Lunch at School Using $\eta = \frac { d Q } { d P } \cdot \frac { P } { Q }$

Question 91

Essay

Each day a precocious pre-schooler eats lunch at school using the $1 lunch allowance given by his parents.He only likes Twinkies (T)and orange slices (S),which provide him utility according to the utility function $Each day a precocious pre-schooler eats lunch at school using the $1 lunch allowance given by his parents.He only likes Twinkies (T)and orange slices (S),which provide him utility according to the utility function . ( A)Derive the demand functions for S and T.Let represent income, the price of Twinkies,and \eta = \frac { d Q } { d P } \cdot \frac { P } { Q } the price of slices.$ .
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A)Derive the demand functions for S and T.Let $Each day a precocious pre-schooler eats lunch at school using the $1 lunch allowance given by his parents.He only likes Twinkies (T)and orange slices (S),which provide him utility according to the utility function . ( A)Derive the demand functions for S and T.Let represent income, the price of Twinkies,and \eta = \frac { d Q } { d P } \cdot \frac { P } { Q } the price of slices.$ represent income, $Each day a precocious pre-schooler eats lunch at school using the $1 lunch allowance given by his parents.He only likes Twinkies (T)and orange slices (S),which provide him utility according to the utility function . ( A)Derive the demand functions for S and T.Let represent income, the price of Twinkies,and \eta = \frac { d Q } { d P } \cdot \frac { P } { Q } the price of slices.$ the price of Twinkies,and $\eta = \frac { d Q } { d P } \cdot \frac { P } { Q }$ the price of slices.