Question

Given U = 200c^1/2 , where U is the utility ( i.e satisfaction) derived by a person who consumes a commodity, c. Determine whether it is an inverse, implicit or explicit function

Answer 1

The function U = 200c^(1/2) is an explicit function. This is because the variable c is explicitly shown in the equation and can be easily isolated to solve for c. In this case, c is the input variable and U is the output variable.