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.

Equibilium, Suppose Dlamini has R5 000 to spend on trousers and shirts. The...

Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq

Aggregate supply curve for entire economy, 1. Explain how the aggregate sup...

1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a

Detenninants of foreignstrategy towards fdi, Instructions to Students 1...

Instructions to Students 1. Answer all the questions, using economic models where appropriate. Begin a question on a new page. 2. Please attach a copy of the assignment cove

Production possibiltiy curve, what does production possibilty curve means?

what does production possibilty curve means?

Rationale in era of globalization, Rationale in era of globalisation: ...

Rationale in era of globalisation: In the present era of globalisation where countries have unprecedented access to international capital flows and where those who have borrow

Property & contracts, Analyze the various ways in which property rights enc...

Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws. Explain your rationale.

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

What is the difference between price value and price level, What is the dif...

What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level

Bain limit price theory, #question.case study of bain limt price theory

#question.case study of bain limt price theory

There is in substitute for a insulin, Commodities that are viewed as luxuri...

Commodities that are viewed as luxuries typically have price elastic demand, and commodities that are requirements have price inelastic demand. There is easily no substitute for a

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages