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Euler

Euler's Theorem applied to Microeconomics

If we take the derivative of Marshallian Demand Function with respect to prices and income and these all elasticities will be equal to zero, called Eular theorem dq/dl=bk.l^(k-1).c^(1-k)----dq/dc=b(1-k)l^k.c^(1-k-1)nEdit

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