Question
This economist abandoned his physics studies after a mental crisis that turned him to Sigdwickian utilitarian. For 10 points each:
[10h] Name this economist who names a curve that shows the total effect of a price change including the income and substitution effect, in contrast to one that only looks at the substitution effect.
ANSWER: Alfred Marshall
[10m] Marshallian demand can be related to Hicksian demand through this equation, which decomposes the substitution and income effects.
ANSWER: Slutsky equation
[10e] Marshall created one of these works that was largely dominant in Britain titled Principles of Economics. Samuelson and Nordhaus wrote another one of these works, Economics, following Marshall’s.
ANSWER: textbooks [prompt on book]
<AG, Social Science>
Summary
| 2023 ILLIAC (Cornell) | 2023-10-21 | Y | 4 | 12.50 | 100% | 25% | 0% |
| 2023 ILLIAC (Mainsite) | 2023-10-21 | Y | 8 | 10.00 | 88% | 0% | 13% |
Data
| Columbia Ly-α | Rochester B | 0 | 0 | 10 | 10 |
| RIT | Cornell Wind | 0 | 10 | 10 | 20 |
| Cornell Fire | Rochester A | 0 | 0 | 10 | 10 |
| Rochester C | Cornell Earth | 0 | 0 | 10 | 10 |