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Is it possible to get back the consumer’s utility function from their demand functions?
I am curious about if it’s possible to reverse the utility maximization process, i.e. given the consumer’s Marshallian demand functions, find their utility function.
I was thinking of trying to find ...
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Conditions to use the Lagrangian method
I have seen that the prices and $\text{MU}_{i}$ are assumed to be positive (or, the preferences monotonic). This is always mentioned when a utility maximization problem is being solved with the ...
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