Homework SourseSuppose your utility function is V U2 x1x2 How does the i
. Suppose your utility function is V = U2 = x1x2. How does the indifference curve map for V and U compare?
. Suppose your utility function is V = U2 = x1x2. How does the indifference curve map for V and U compare?
Solution
The utility function of both the U and V will be same because V is the monotonic transformation of U.
