Economics · Consumer Theory
Consider two utility functions U = q11.5 q2 and V = q16 q24 + 1.5 ln(q1) + ln(q2). Choose the correct statement:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1V is a Cobb-Douglas transformation of U.
- 2V is a decreasing monotonic transformation of U.
- 3V is an increasing monotonic transformation of U.✓
- 4V is a log linear transformation of U.
Correct answer
V is an increasing monotonic transformation of U.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumer Theory MCQs →Want more practice questions on Consumer Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumer Theory