rewrite this formula

Question

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1417

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+2354

Could someone please show me the intermediate steps of rewriting this

$\pi(p,w) = p(\frac{w}{pa})^{\frac{a}{a-1}}-w(\frac{w}{pa})^{\frac{1}{a-1}}$

to this

$\pi(p,w) = w(\frac{1-a}{a})(\frac{w}{ap})^{\frac{1}{a-1}}$

reinout

reinout-g Jul 1, 2014

+33654

+10

pi(p,w)

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Alan Jul 1, 2014

+33654

+10

Best Answer

pi(p,w)

Alan Jul 1, 2014

reinout-g · Answer 1 · 2014-07-01T11:29:11

Thank you Alan,

I made some foolish mistake at

$p*(\frac{w}{p*a})^{\frac{a}{a-1}} = p*(\frac{w}{p*a})^{\frac{a-1}{a-1}+ \frac{1}{a-1}}$

Thank you