Chapter 14.3, Problem 3CP

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

If the demand functions for two products are

**(a)**

To determine

**To calculate:** The marginal demand of

Explanation

**Given Information:**

The demand functions for two products are

**Formula used:**

For a demand function, of the form

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

Power of

Constant function rule for a constant

Coefficient rule for a constant

**(b)**

To determine

**To calculate:** The marginal demand of

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