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honey
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utility
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sove marshillian demand if p1 and p2 are 1 and 2 respectively
honey
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Re: utility
how to transform it
aditi5000
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Re: utility
take log
ritu
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Re: utility
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by honey
moreover its a positive monotonic transformation of U=x1+log x2....just derive demand functn for this utility function and the answer will be same...
tim
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Re: utility
hey ritu cn u tell d final answe i want to match my answer.
Chocolate Frog
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Re: utility
x2 = p1/p2
x1 = m/p1 - 1 for m > p1, and zero otherwise.
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