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.

Answer related to the article , In the following article , I want you to co...

In the following article , I want you to comment on the type of market structure and whether Kinked Demand apply and what will possibly be the market share for GM and VW? ""In case

Theory of inter-temporal consumption, THEORY OF INTER-TEMPORAL CONSUMPTION:...

THEORY OF INTER-TEMPORAL CONSUMPTION: In the previous two units, we have been concerned with choices among contemporaneous commodities. An important class of choices made by c

Williamson''s managerial discretion., how is price and output equilibrium d...

how is price and output equilibrium determined in Williamson''s model of managerial discretion?

Mixed economy, is south african economic system more allocative efficient?

is south african economic system more allocative efficient?

Balance of payment, Balance of payment: It is an account that summariz...

Balance of payment: It is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually on

Explain how a country can peg its currency, Explain how a country can peg (...

Explain how a country can peg (fix) its currency to another currency. Explanation of a pegged/fixed currency should centre on how the central bank uses the currency market mech

Balance of payments and developing economies, Balance of Payments and Devel...

Balance of Payments and Developing Economies: It is well-known in development economics that UDCs invariably start as debtor economies. In the process of development itself, t

Markets, The market structure in the south African mobile telecommunication...

The market structure in the south African mobile telecommunications industry

Real estate development and process, Answer the following question Focus on...

Answer the following question Focus on Real Estate Development Normal 0 false false false EN-IN X-NONE X-NONE

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