Indirect Utility Function., Microeconomics

Assignment Help:
M.Phil. Admission Test, 2017
Economics
Model Question
Group A
Domain Knowledge in Economics
Correct answer is as marked in black.
Micro Economics
1. Consider a utility function U =
x
3
y
6
. What is the indirect utility function if prices of x and
y and income are denoted by
p
x
,
p
y
and M respectively?

Related Discussions:- Indirect Utility Function.

Engel curves, Engel Curves -Engel curves relate quantity of good consum...

Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c

Duopoly, write characterstics of duopoly

write characterstics of duopoly

Calculate price and average total cost atc, 1. Through graphs describe the ...

1. Through graphs describe the relationship between the price, P , and the average total cost, ATC , for a firm in perfect competition when it earns an economic profit; earns a n

What is use of analytical tools in the modern economics, What is use of ana...

What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo

Foreign investment, Foreign investment: To attract foreign investment ...

Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o

Production possibility frontier ppf, Production possibility frontier PPF is...

Production possibility frontier PPF is a combination of two or more goods a which a country can make in a given timeline or period with resource fully employed.

Quantitatif method, When the demand function is 2Q - 24 + 3P = 0, find the ...

When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.

Demography, This involves the characteristics of the production human as we...

This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children

Production, explain 6 factors that determine volume of production

explain 6 factors that determine volume of production

Explain why each of the following factors may influence the, Ask qExplain w...

Ask qExplain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the com

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd