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7:20
YouTube
Economics in Many Lessons
Indirect Utility Function: How to Derive
This video derives a consumer's indirect utility function. If this video helps, please consider a donation: https://www.paypal.com/cgi-bin/webscr?cmd=_donations&business=T2MPM6MSQ3UT8¤cy_code=USD&source=url
186K views
Nov 30, 2014
Indirect Utility Function Examples
Consider the indirect utility function given by v(p1, p2, m)=(m)/(p1 p2) (a) What are the demand functions? (b) What is the expenditure function? (c) What is the direct utility function? | Numerade
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