Op624Forc FP151 PC Xm XmSincetosoRxxmPXm 151 XmC Xm C Xm c 151 c XmInTheieFPdcdPdcRXm dXmIdCCdXmIdCsinceRXm cc 151 cFFForthe case considered we must have Xm 17IfCCcCcPPTheTheThe vaidity of this s ID: 895670
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1 WELFARE ECONOMICS AND IN VENTIVE ACTIVIT
WELFARE ECONOMICS AND IN VENTIVE ACTIVITY Op.62
2 4 For (c —— F). P,— PC' X'm +Xm
4 For (c —— F). P,— PC' X'm +Xm.Sincet
3 osoR(x)xm),P(X'm — Xm)C' X'm + C Xm
osoR(x)xm),P(X'm — Xm)C' X'm + C Xm = (c &
4 #151; c') X'm.InThei.e.,F,P)/dc'dP'/dc'R
#151; c') X'm.InThei.e.,F,P)/dc'dP'/dc'R(X'm) (
5 dX'mIdC')C'(dX'mIdC')sinceR(X'm)= c'.(c
dX'mIdC')C'(dX'mIdC')sinceR(X'm)= c'.(c —
6 c')(F'F),Forthe case considered, we must
c')(F'F),Forthe case considered, we must have X
7 'm IfC'.C'cC'c').P.P. The TheThe v
'm IfC'.C'cC'c').P.P. The TheThe va'idity
8 of this statement depends onassumptions
of this statement depends onassumptions,be mad
9 e is unaffected by minor qualifications.
e is unaffected by minor qualifications.613 a F
10 oranalyses withTheColloques WELFARE ECON
oranalyses withTheColloques WELFARE ECONOMICS A
11 ND IN VENTIVE ACTIVITY Op.624 For (c —
ND IN VENTIVE ACTIVITY Op.624 For (c —— F).
12 P,— PC' X'm +Xm.SincetosoR(x)xm),P
P,— PC' X'm +Xm.SincetosoR(x)xm),P(X'm &#
13 151; Xm)C' X'm + C Xm = (c — c') X'
151; Xm)C' X'm + C Xm = (c — c') X'm.InThe
14 i.e.,F,P)/dc'dP'/dc'R(X'm) (dX'mIdC')C'(
i.e.,F,P)/dc'dP'/dc'R(X'm) (dX'mIdC')C'(dX'mIdC
15 ')sinceR(X'm)= c'.(c — c')(F'F),For
')sinceR(X'm)= c'.(c — c')(F'F),Forthe cas
16 e considered, we must have X'm IfC
e considered, we must have X'm IfC'.C'cC'
17 c').P.P. The TheThe va'idity of this sta
c').P.P. The TheThe va'idity of this statement
18 depends onassumptions,be made is unaffec
depends onassumptions,be made is unaffected by
19 minor qualifications.613 a Foranalyses w
minor qualifications.613 a Foranalyses withTheC