Show That the Utility Functions V(X,Y)= X^aY^1-A and U(X,Y)= a Ln(X)

question 94

Essay

Show that the utility functions V(X,Y)= X^aY^1-a and U(X,Y)= a ln(X)+ (1-a)ln(Y)represent the same ordering of bundles.

---

Definitions:

Sells Assets

Involves the process of disposing of or selling off physical or intangible assets by a company or individual.

Vertical Integration

The expansion of a business by acquiring or establishing control over different stages of its production or distribution processes.

Acquires Suppliers

The process where a company takes ownership of its suppliers to control the supply chain or reduce production costs.

Acquires Distributors

The process by which a company purchases or assumes control over distribution firms to streamline its supply chain and improve market access.