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© BrainMass Inc. brainmass.com March 4, 2021, 5:50 pm ad1c9bdddf
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Posting: 13541 Student Deadline: February/12/2004 1:00 pm
Description show indirect utility function is convex
Subject: Economics Level: Year 4
Topic: Microeconomics Bid Amount: 3 Credit(s)
Show that the indirect utility function v(p,y) = [x1(p,y)]^rho + (x2(p,y))^rho]^1/rho is a quasi ...
The expert assess the indirect utility function. The convex is examined.