![Consider the CES utility function: U(Qx, Qy) = (1/Qx+1/Qy)^-1 i. Plot the indifference curves for U = 0.5, U = 1, and U = 1.5. Based on your plot, would an individual Consider the CES utility function: U(Qx, Qy) = (1/Qx+1/Qy)^-1 i. Plot the indifference curves for U = 0.5, U = 1, and U = 1.5. Based on your plot, would an individual](https://homework.study.com/cimages/multimages/16/indifference_curves5698844992192046374.png)
Consider the CES utility function: U(Qx, Qy) = (1/Qx+1/Qy)^-1 i. Plot the indifference curves for U = 0.5, U = 1, and U = 1.5. Based on your plot, would an individual
![Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project](https://demonstrations.wolfram.com/ChoosingTaxesWithAConstantElasticityOfSubstitutionCESUtility/img/popup_2.png)
Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project
![Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project](https://demonstrations.wolfram.com/ChoosingTaxesWithAConstantElasticityOfSubstitutionCESUtility/img/popup_1.png)
Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project
![Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project Choosing Taxes with a Constant Elasticity of Substitution (CES) Utility Function - Wolfram Demonstrations Project](https://demonstrations.wolfram.com/ChoosingTaxesWithAConstantElasticityOfSubstitutionCESUtility/img/popup_3.png)