📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The Indirect Utility function is =

    12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y. Calculate the demand for X
    A M3/Px Correct Answer Incorrect Answer
    B 3M/Px Correct Answer Incorrect Answer
    C M/3PxPy Correct Answer Incorrect Answer
    D M/3Px Correct Answer Incorrect Answer

    Solution

    Practice Next
    ask-question