Question: 2. Consider three utility functions u, v, w defined on strictly positive vec- tors with x1, X2 > 0. Show that u and v are

2. Consider three utility functions u, v, w defined on strictly positive vec- tors with x1, X2 > 0. Show that u and v are equivalent to one another, but that they are not equivalent to w. (a) u(x1, X2) = 3In x1 + 7In x2. (b) v(21, 202) = 2 (201-3 20.2.). (c) w(x1, 2) = 0.3x1 + 0.7202

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