Question: Let u be the utility function of Billy. Knowing this, prove on the basis of its definition, that function v = au+b , with a
Let u be the utility function of Billy. Knowing this, prove on the basis of its definition, that function v = au+b , with a > 0, is also Billy's utility function.
Please send me answer ASAP, it's very urgent
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
