Question: 2. Consider these three utility functions: U1 = us = Inc + Inc2 Which of these functions can be said to represent the same preferences:

2. Consider these three utility functions: U1 = us = Inc + Inc2 Which of these functions can be said to represent the same preferences: Demonstrate whether us and us are monotonic transformations of the first function, uj. Explain how two different functions can be said to represent the exact same preferences

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