Asked by Aditi
Consider the problem of a rational consumer with an experienced utility function given by 10√x+m. Let q denote the market price of good x.
What is the expression for the consumer surplus if the consumer receives a total cash rebate of q√x when he buys x units of the good?
What is the expression for the consumer surplus if the consumer receives a total cash rebate of q√x when he buys x units of the good?
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