Question: Determine if a given utility function of a form: is (weakly) increasing or (weakly) decreasing. u: R R


Determine if a given utility functionu: R R of a form:image text in transcribed

is (weakly) increasing or (weakly) decreasing.

u: R R

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To determine whether a utility function is weakly increasing or weakly decreasing you need to look at how the utility changes as the goods which in ec... View full answer

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