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Answers to some old prelim questions: 1. Ms Blue and Mr. Green A Ms Blue has same preferences as Mr. Green, since her utility function is a monotone increasing function of his UB = eUG B Preferences are homothetic if (x,
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Document Date: 2010-11-13 13:06:28
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UPDATE
Answers to some old prelim questions: 1. Ms Blue and Mr. Green A Ms Blue has same preferences as Mr. Green, since her utility function is a monotone increasing function of his UB = eUG B Preferences are homothetic if (x,