What is the logarithmic transform of the utility function U= 52, given the budget constraint- M.Select one:O a.In U = a ln a +Bin 2 +y In os%3DO b. In U = In a + In + In eIn U = a ln a -Bln a -yln esOd. InU=n 2? + In e? + In a

We have to find logarithmic transform of the utility function.

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What is the logarithmic transform of the utility function U= , given the budget constraint Pa, 21 + P, Cg + Po, X3 = M.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.12P

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