Chapter 14, Problem 30RE

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

** Marginal demand** Suppose that the demand functions for two related products,

To determine

Whether the two products, *A* and *B*, are competitive or complementary if the demand functions for products *A* and *B* are given by

Explanation

**Given Information:**

The demand functions for products, *A* and *B*, are given as,

Where

**Explanation:**

Consider the demand functions for products, *A* and *B*, are given as,

Where

The marginal demand of

For a function *f* with respect to *x* is calculated by taking the derivative of *x* and keeping the other variable *y* constant.

Partial differentiate the function

Therefore, the marginal demand of

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