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?