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.

What are subsidies, What are subsidies? Almost in all market systems, ...

What are subsidies? Almost in all market systems, government plays its role to stabilize the price of certain commodities, which are of public interest like medicines and edib

Analysis utility, difference between the cardinal analysis theory and ordin...

difference between the cardinal analysis theory and ordinal theory

Theory of Consumption, llustrate and explain the changing demand gor big Ma...

llustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Market systems, what is a perfect competition and how does it differ from m...

what is a perfect competition and how does it differ from monopoly?

Factors affecting flexible exchange rate, FACTORS AFFECTING FLEXIBLE EXCHAN...

FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat

Money multiplier, The Money Multiplier is explained below: If you see c...

The Money Multiplier is explained below: If you see carefully, the money multiplier is nothing but an inverse of a reserve ratio. Therefore, we can write MM = 1/rr, where rr is

Production possibility curve, In 1939 the U.S. economy was operating where ...

In 1939 the U.S. economy was operating where in the production possibility curve?

ECON 200, Elasticity help

Elasticity help

Total revenue, In fall 2006, Pace University raised its annual tuition from...

In fall 2006, Pace University raised its annual tuition from $24,750 to $29,750. Freshman enrollment declined from 1500 in fall 2005 to 1110 in 2006. assuming the demand curve did

Van der Waal''s Equation , Deviation from ideal gas behavior The Van der Wa...

Deviation from ideal gas behavior The Van der Waal''s Equation This is observed, deviations from gas laws are high under high pressures & low temperatures. The Van der Waal suggest

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