If There Is Cobb-Douglas Utility, Compensating and Equivalent Variation Are

question 29

True/False

If there is Cobb-Douglas utility, compensating and equivalent variation are the same.

---

Definitions:

Thymitis

An inflammation of the thymus gland, which can disrupt the normal development of the immune system in the body.

Hemochromatosis

A genetic disorder causing excessive absorption of iron from the diet, leading to the accumulation of iron in the body and potential organ damage.

Chromat

Pertains to color, used in terms and contexts related to coloring or pigmentation, as in chromatography.

Erythrocyte

A red blood cell that is responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide as a waste product away from tissues and back to the lungs.