Question: Does the utility function V(Z, B) = + [U(Z, B)] 2 give the same ordering of bundles as does U(Z, B)?
Does the utility function V(Z, B) = α + [U(Z, B)]2 give the same ordering of bundles as does U(Z, B)?
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This is easily shown with calculus as follows To show with algebra it is ... View full answer
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