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    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 Expenditure function for the same

    A (0.44PxPyU)2/3 Correct Answer Incorrect Answer
    B (2.25 PxPyU)2/3 Correct Answer Incorrect Answer
    C (0.44 PxPyU)1/3 Correct Answer Incorrect Answer
    D (2.25 PxPyU)1/3 Correct Answer Incorrect Answer

    Solution

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