Explain briefly the Hicksian measure of consumer’s surplus under (i) the quantity variation, (ii)…


Explain briefly the Hicksian value of consumer’s residue lower

(i) the division abnormity,

(ii) the price-compensating abnormity,

(iii) the division-equivalent abnormity and

(iv) the priceequivalent abnormity.

In what way does Hicksian value of consumer residue present a remarkable way of looking at consumer residue than one granted by Marshall?