Google Answers: Economics: Deriving expenditure functions and indirect utility functions

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Q: Economics: Deriving expenditure functions and indirect utility functions ( No Answer, 0 Comments )

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Subject: Economics: Deriving expenditure functions and indirect utility functions
Category: Reference, Education and News > General Reference
Asked by: stevej123-ga
List Price: $20.00

Posted: 13 Apr 2006 13:13 PDT
Expires: 14 Apr 2006 17:50 PDT
Question ID: 718614

the utility is x1 for 0<=x1<=1, x2>=0 AND 1+x2 for x1>1, x2>=0
How could the expenditure function and indirect utility function be
found? What assumptions about prices
would have to be made and what conditions (on income, prices etc.)
would have to be satisifed for this to hold?

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