- 7 70 Inferior Good In A Discussion Of An Inferior Good Persky Considers A Function Of The Form 8 X U A 22 24 1 (62.21 KiB) Viewed 75 times
,7 70. Inferior Good In a discussion of an inferior good, Persky? considers a function of the form 8(x) = (U/A)-22/(24)
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,7 70. Inferior Good In a discussion of an inferior good, Persky? considers a function of the form 8(x) = (U/A)-22/(24)
,7 70. Inferior Good In a discussion of an inferior good, Persky? considers a function of the form 8(x) = (U/A)-22/(24) = where x is a quantity of a good, U, is a constant thật represents utility, and A is a positive constant. Persky claims that the graph of g is concave down for x < VA and concave up for x > VĀ. Verify this.