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Visualizing marginal utility MU and total utility TU functions

Visualizing marginal utility MU and total utility TU functions

This video shows how we can visualize marginal utility (MU) and total utility (TU) functions graphically.

2019年2月19日

Indirect Utility Function Examples

SOLVED:Suppose that the indirect utility function takes the form v(p, y)= f(p) y . What is the form of the expenditure function? What is the form of the indirect compensation function, μ(p ; q, y) in terms of the function f(·) and y ?

SOLVED:Suppose that the indirect utility function takes the form v(p, y)= f(p) y . What is the form of the expenditure function? What is the form of the indirect compensation function, μ(p ; q, y) in terms of the function f(·) and y ?

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