What is Indirect Utility function?

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What is a Utility Function ?
Posted by:
Amjed Mehboob
30-March-2016

Utility Design Economics

Question added by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
Date Posted: 2016/03/30

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1 Answers

Mohammad Zauque Siddique

by Mohammad Zauque Siddique , Sr. AutoCAD Drafter (MEP) , Shimizu Corporation India PVt.Ltd.

n economics, a consumer's indirect utility function gives the consumer's maximal attainable utility when faced with a vector of goods prices and an amount of income . It reflects both the consumer's preferences and market conditions.

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