Cinsider three utility functions u, v, w defined on strictly positive vectors with x 1 , x
Fantastic news! We've Found the answer you've been seeking!
Question:
Cinsider three utility functions u, v, w defined on strictly positive vectors with x1, x2 > 0. Show that u and v are equivalent to one another, but that they are not equivalent to w.
1) u(x1, x2) = ln x1 +ln x2
2) v( x1, x2) = x1x2
3) w( x1, x2) = 2x1 + 3x2
Posted Date: