Question: Tiffany's constant elasticity of substitution (CES) utility function is U(q(1, q(2) = (q(1 + q(2)1/(. Show that there is a positive monotonic transformation such

Tiffany's constant elasticity of substitution (CES) utility function is U(q(1, q(2) = (q(1 + q(2)1/(. Show that there is a positive monotonic transformation such that there is an equivalent utility function (one with the same preference ordering) U(q1, q2) = q(1 + q(2?

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