February 21, 2017

Homework Help: Economics

Posted by Jeb on Thursday, March 19, 2009 at 7:30am.

If utility is U(x,y) = x^0.3 y^0.7 (i.e x* = 0.3I/Px and y* = 0.7I/Py). What is the indirect utility function and expenditure function?

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