2-5 Show that the utility functions U = Aand W = are monotonic transformations of each other where A, α, and β are positive. To show that...

2-1 Determine whether the following utility functions are regular strictly quasi-concave for the domain_ q₁>0, q:>0: U = q_1q_2; U =...

6-12 Consider the following markets which are characterized by lagged supply response: (a) = 40-10p,; = 2+9 (b) = 30-5p₁; = 20 -...