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Given indirect utility function of
If utility is U(x,y) = xy + y, what is the indirect utility function and expenditure function?
3 answers
asked by
Bob
1,039 views
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 function and expenditure
2 answers
asked by
Jeb
1,126 views
Given indirect utility function of the nature V(P, M)=M²/4P1P2.
a) derive the ordinary demand function b)Derive associated
1 answer
asked by
Evaristi Paulo
153 views
Given indirect utility function of the nature V(P, M)=M²/4P1P2.
a) derive the ordinary demand function b)Derive associated
1 answer
asked by
Evaristi Paulo
131 views
how are:
goods services utility form utility place utility time utility possession utility information utility benifits and
2 answers
asked by
clarissa
710 views
Ive been stuck on this forever now if someone could please walk me through it i was appreciate it:
1: Suppose John had a utility
2 answers
asked by
Brett
697 views
For a risk averse person,
a. the utility function exhibits the property of constant marginal utility of wealth. b. the pain of
1 answer
asked by
unknown 2.0
25 views
Suppose a person has a utility function U=YX. What is the minimum level of income required to get a utility of 20? Your answer
0 answers
asked by
jon
522 views
Suppose a person has a utility function U=YX. What is the minimum level of income required to get a utility of 20? Your answer
1 answer
asked by
jon
526 views
Use a symbolic differentiation utility to find the derivative of the function g(x)=x�ã((x^2)+1). Use the utility to graph the
2 answers
asked by
Jon
2,013 views