Answer to Question #81161 in Microeconomics for seema kumari

Question #81161
Derive the indirect utility function form the given direct utility function. Use Roy’s identity to construct demand functions for the two goods x1 and x2. Are these same as demand functions derived from the direct utility function?
1
Expert's answer
2018-09-24T11:56:08-0400
The demand functions derived for the two goods X1 and X2 are not the same demand functions derived from the direct utility function

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