Elucidate that the indirect utility fuction

Assignment Help Macroeconomics
Reference no: EM1332186

Question about indirect utility function

Show that the indirect utility fuction v(p,y) = [x1(p,y))^rho + (x2(p,y))^rho]^1/rho is a quasi convex function of prices and income

 

Reference no: EM1332186

Questions Cloud

Explain difference between e-commerc vs e-business : Explain E-commerc vs e-business and describe that Can a company engage in one without the other
Assume the problems of maximizing solves the first problem : Assume the problems of maximizing solves the first problem if and only if it also solves the second problem.
Discounted payback method-true aand false : Which one of the following statements regarding the discounted payback method is true?
Automating the hr function and hris : Analysis and Recommendations: Automating the HR Function and HRIS - Analysis: After reviewing the scenario below, how might you analyze the current situation and how would you share your analysis with this customer
Elucidate that the indirect utility fuction : Elucidate that the indirect utility fuction of quasi convex function of prices and income
Case on oil exploration : A local energy provider offers a landowner USD 180,000 for the exploration rights to natural gas on a certain site and the option for future development.
Expalin how to make a bookexception class : generate an error message that is passed to the Exception class constructor for the Message property when a book does not meet the price-to-pages ratio.
Mcq question discounted cash flows model : Fixed costs that change for activity outside relevant range would include-When gross margin pricing is employed, the markup percentage includes
Provide separate arguments to support your claims : Provide separate arguments to support your claims as to their slope, curvature, and the direction of increasing utility.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculating gdp and ni

The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.

  Determining market structure of selected company

Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.

  Impact of tax and social optimum

Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?

  Decide either bundle lakshani is thinking about consuming

Explain for each of the situations, decide either the bundle Lakshani is thinking about consuming is optimal or not.

  Assume the price of every old edition microeonomic book

Assume the price of every old edition microeonomic book. Determine the values of B and T that maximize Sam's utility.

  Sources of expenditures in economy

List and explain the sources of expenditures in economy by focusing on the 4 major sectors of economy.

  Government needs to eliminate the gap changing expenditure

Government needs to eliminate the gap by changing expenditures. What policy would you suggest.

  Illustrate role do property rights play in creating common

Illustrate role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability.

  Make the costs of compliance and non-compliance

make the costs of compliance and non-compliance with regional trading bloc rules and regulations.

  Describe the following from an economic perspective

Describe the following from an economic perspective and give numerical examples:

  Covered interest rate arbitrage and purchasing power parity

Explain how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.

  Elucidate entity establishes a price ceiling

Elucidate entity establishes a price ceiling also does it require government sanction for violators

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