Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The utility function is U(X,Y)=X^2/3Y^1/3, the budget constraint is XPx+YPy=Y, Deduce the inverse demand function of X.
The utility function is U(X,Y)=X^2/3Y^1/3, the budget constraint is XPx+YPy=Y, Deduce the inverse demand function of X.
