Problem 5.15

Suppose the Equation of an indifference curve between two goods is

XiYi =£]1 + £]2 Xi

How would you estimate the parameters of this model?  Apply the preceding
model to the following data and comment on your results:


Consumption of good X:     1     2     3     4     5
Consumption of good Y:     4     3.5  2.8  1.9  0.8 

 Download:  0515.dat ,  0515.xls

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