Questions on differentiation (Chain Rule)

Given some examples of solving question from Chain Rule. Follow the steps and solve rest of the questions given below. Question 1: Differentiate . Step-by-step solution: Question 2: Find for . Step-by-step Solution: Question 3: Differentiate . Step-by-step Solution: Question 4: Find for . Step-by-step Solution: Question 5: Differentiate . … read more

Slutsky Equation (Theorem)

A change in the price and income alters the consumer’s expenditure pattern. So to know the consumer’s expenditure pattern due to changes in price and income, all the variables should be varied simultaneously. Let, Utility function be Subject to Or Here we can form a new function with the help … read more