,7 70. Inferior Good In a discussion of an inferior good, Persky? considers a function of the form 8(x) = (U/A)-22/(24)
Posted: Tue Nov 16, 2021 6:59 am
,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.