Question

    The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y.

    Calculate the demand for X

    A M3/Px Correct Answer Incorrect Answer
    B 3M/Px Correct Answer Incorrect Answer
    C M/3PxPy Correct Answer Incorrect Answer
    D M/3Px Correct Answer Incorrect Answer
    E M2/3Px Correct Answer Incorrect Answer

    Solution

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