State the economic meaning of the following equation in a, Ask an Expert

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State the economic meaning of the following equation in a sentence with only words and no mathematical references: (w) ∂/∂w (ln (xb3(p, w))) = −1 You need to do the calculus to solve this little puzzle. Show all your work. (xb3(p, w) is the generic demand function for good 3.)

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Business Economics, Economics

Category:- Business Economics
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