Define utility using mathmatical expression.

If utility is U(x,y) = x^0.3 y^0.7 (i.e x* = 0.3I/Px and y* = 0.7I/Py). What is the indirect utility...

If utility is U(x,y) = xy + y, what is the indirect utility function and expenditure function?

Define utility using graph or mathimatical expresions

Define Utility Terms Using Graphs and Mathematical Expressions

how define the term utility using graphs and mathematical expression

Define marginal utility

Define the term total utility

Define the marginal utility

Define the diminishing utility

5.Define the total utility (TU ) and marginal utility (mu)?

Asked by James